Posted by **Spencer** on Monday, February 19, 2007 at 7:51pm.

how long will it take to earn $787.50 on $5000 at 5 1/4%(percent)

what is the rate it is compounded? annually, semi-annually, monthly, what?

dat information is not given

aren't you supposed to be using the interest rate formula? if so, then u have two variables missing, the n and t, and it's impossible to solve that problem without the n

The formula giben to me was the following:

interest = principal x rate x time(in years)

please excuse the typing errors

So plug in 787.50 for interest, 5000 for principal, 0.525 for rate, and solve for t (in years.) That assumes the 5 1/4% is an annual percentage rate, it doesn't compound, and the rate stays the same.

That's

**0.0525** for interest. Sorry about the typo.

## Answer This Question

## Related Questions

- math(compunded interest ) - 6.how long will it take for a sum of money to ...
- Mathematics - In the problems 1 to 3, find the present value of the given (...
- math & finance - A bank offers a rate of 5.3% compounded semi-annually on its ...
- compounded interest - A bank offers a rate of 5.3% compounded semi-annually on ...
- Compound Interest - A bank offers a rate of 5.3% compounded semi-annually on its...
- math - An investor can earn 9.1% interest compounded semi-annually or 9% ...
- math(compunded interest ) - 9. FIND THE EFFECTIVE RATE THAT IS EQUIVALENT TO: i...
- Math: Compounded Interest - A principal of $200 is invested at 5% interest rate ...
- math - How long in years does it take for a principal to triple in value if ...
- business maths - For an investment to double in value during a 12-year period, a...

More Related Questions