asharibrathwaite9 asharibrathwaite9
  • 21-06-2021
  • Mathematics
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Anna invested 2,500 at an annual rate 5%. How long will it take until anna earns 1,125 in interest

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sqdancefan
sqdancefan sqdancefan
  • 21-06-2021

9514 1404 393

Answer:

  9 years

Step-by-step explanation:

The simple interest formula is ...

  I = Prt

where I is the interest earned on principal P invested at annual rate r for t years. Solving for t, we have ...

  t = I/(Pr) = 1125/(2500×.05) = 1125/125

  t = 9 . . . . years

It will take 9 years for Anna to earn 1125 in interest.

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