Sunday

November 23, 2014

November 23, 2014

Posted by **Troy** on Sunday, December 5, 2010 at 3:08pm.

- Transitional Math -
**MathMate**, Sunday, December 5, 2010 at 3:55pmAssume simple interest.

So for $10,000, the annual interest is $10,000*0.05=$500.

Number of years = $2500/$500 = 5 years.

**Answer this Question**

**Related Questions**

math - Richard took a loan of $10000 at a rate of 4%. If he paid $1600 in ...

math - . Richard took a loan of 10,000 at a rate of 4%. If he paid $16,00 in ...

math - Richard took a loan of $10,000 at a rate of 5%. If he paid $2,500 in ...

math - what formula would i use to solve for this: Loan Interest A developer ...

Math - Maya bought a car for $15,000. To pay for it, she took a bank add-on ...

math - if a loan is given for 2,500 for 1 year and the interest charged is 275 ...

math - Five years ago, you bought a house for $151,000, with a downpayment of $...

math - You'd also need to know the interest rate, the amount of the monthly ...

business math - you take out a loan for $20,000 simple interest loan at 4% on ...

MATH - Five years ago, you bought a house for $151,000, with a down payment of $...