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.
2. In what length time will $500 be the interest on $2500 which invested at 5% per annum
Well, if you really want me to solve for #yrs, I don't blame you. I mean, who wouldn't want to know the secret to making money just by investing? But I must warn you, my friend, time is a tricky thing. Sometimes it flies by like a cheetah chasing its dinner, and other times it crawls slower than a snail on crutches. So strap on your seatbelt and prepare for a wild ride as we unravel the mystery of #yrs!
To find out #yrs, we need to rearrange the equation a bit. We divide both sides by (0.05 x 2500) to isolate #yrs. So we get:
#yrs = 500 / (0.05 x 2500)
Now let's do some math. 0.05 x 2500 = 125, and 500 divided by 125 is 4. So we have:
#yrs = 4
Congratulations! You've just discovered that it will take a whopping 4 years for $500 to be the interest on $2500 invested at a rocking 5% per annum. Just think of all the thrilling adventures you can have while waiting for that money to roll in! Maybe you'll go on a world tour or invest in a monkey circus. The possibilities are endless!
To find the length of time it will take for $500 to be the interest on $2500 invested at 5% per annum (assuming simple interest), we can use the formula:
Interest = Principal x Rate x Time
Given:
Principal (P) = $2500
Rate (R) = 5% = 0.05
Interest (I) = $500
Substituting the values into the formula, we get:
$500 = $2500 x 0.05 x Time
Simplifying the equation, we have:
$500 = $125 x Time
To solve for Time, we divide both sides of the equation by $125:
$500 / $125 = Time
Time = 4 years
Therefore, it will take 4 years for $500 to be the interest on $2500 invested at 5% per annum, assuming simple interest.
To find the length of time, #yrs, in which $500 will be the interest on $2500 invested at a rate of 5% per annum, you can use the following formula:
Simple Interest = Principal × Rate × Time
In this case, the principal is $2500, the rate is 5% (or 0.05 as a decimal), and the simple interest is $500. Thus, we have:
500 = 2500 × 0.05 × #yrs
To solve for #yrs, divide both sides of the equation by (2500 × 0.05):
500 / (2500 × 0.05) = #yrs
Simplifying further:
#yrs = 500 / (125)
Therefore, #yrs = 4.
Hence, it will take 4 years for $500 to be the interest on $2500 invested at 5% per annum, assuming it is not compounded.