Posted by **iris** on Tuesday, November 1, 2011 at 10:20am.

James invested $4,000 at 5% interest per year; how long will it take him to earn $200 in simple interest?

- math -
**Ms. Sue**, Tuesday, November 1, 2011 at 12:02pm
4,000 * 0.05x = 200

Solve for x.

- math -
**iris**, Wednesday, November 2, 2011 at 11:33am
is it subtracting 4ooo - 200 and then diving by .05 to solve for X?

- math -
**Charla**, Monday, February 27, 2012 at 9:41am
T=I/Pr

T=200/ 4000*5%

T= 200/ 4000*.05

T=200/200

T=1 Year

## Answer This Question

## Related Questions

- Simple Interest - Last year, Ivan had $20,000 to invest. He invested some of it ...
- Math 0098 - Last year, Deon had $20,000 to invest. He invested some of it in an...
- algebra - Last year, Susan had 30,000 to invest. She invested some of it in an ...
- Algebra - Last year, Deon had $10,000 to invest. He invested some of it in an ...
- math - You want to put $4,000 in a simple interest account. It has a 2.5% annual...
- Algebra - The Smiths invested $14,000, part at 3% simple interest and the rest ...
- math - A certain sum is invested for T year.it amounts to Rs.400 at 10% simple ...
- math - 8.Mary invested RM3000 in two accounts, some at 12% per annum and the ...
- Math 0098 - Last year, Joe had to invest. He invested some of it in an account ...
- Finance - . (TCO 3) Mark deposited $1,000 today, in an account that pays eight ...

More Related Questions