posted by .

1.In what length of time will $500 be the interest on $2500 invested 5% per anum?

Is this compounded. I will assume it is not.
0.05 x 2500 x #yrs = 500
Solve for #yrs.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. maths-- compound interest

    find the compund interest on $2500 for one year at 4% per annum compounded half-yearly. which of these is correct?
  2. math

    if a loan is given for 2,500 for 1 year and the interest charged is 275 dollars what is the interest rate on the loan?
  3. Math

    Suppose that $2500 is invested at an interest rate of 2.5% per year, compounded continuously. After how many years will the initial investment be doubled?
  4. algrebra 1

    The area of a rectangle is 128 inĀ². If the length is twice the width, what is the length of the rectangle?
  5. math- check my answer

    An internet investment company advertises that if you invest your money with them at 14%, compounded annually, they guarantee yo double your money sooner than you can imagine. Ignoring taxes, how long would it take to double your money …
  6. Trig/Pre-Calc

    $2500 is invested in an account at interest rate r, compounded continuously. Find the time required for the amount to (a) double and (b) triple. r=0.085 I know you use the formula A=Pe^rt and you would start by setting it up as follows: …
  7. Calculus

    I keep getting confused on this stuff. Alan invests $2500 in a 5 year Government bond paying interest at 3.7% per annum compounded annually. Calculate the value of the bond at maturity (after 5 yrs) Tn = 2500(0.037)^5-1 = 2500(0.037)^4 …
  8. math

    Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. P = $2500, r = 3%, t = 3, compounded quarterly $ ?
  9. math/compound

    Calculate the interest earned on an investment of 2500 invested at an interest rate of 6.15%/a compounded quarterly for 10 years.
  10. jordan

    Sanjay wants to buy a condominium in 3 yrs. He's planning to save for down payment. He plans to deposit $2500 at the beginning of each year into a savings account. The savings account pays 2.25% interest, compounded monthly. How much …

More Similar Questions