radhanasrinivasan1 radhanasrinivasan1
  • 23-02-2022
  • Mathematics
contestada

How many years would it take a $5,000 investment to reach $7,500 at an 8% interest rate?

Relax

Respuesta :

guleidgangi
guleidgangi guleidgangi
  • 24-02-2022

Answer:

18.75 years

Step-by-step explanation:

first multiply the amount to the rate

5,000 × 8% = 400

second

7,500/ 400 = 18.75

it takes 18.75 to reach 7,500

Answer Link

Otras preguntas

HELP ASAP ALL YOU NEED IS PIC BELOW
PLS HELP ASAP THIS IS DUE IN 5 MINUTES
into passive have you told the news​
A recipe for lemonade calls for 1 cup of sugar and 6 cups of water. How much sugar is used per cup of water?
What is the correct answer?​
How did the Indian National Congress help unite India?
please help this is due soonnnnnnn
Which statement describes the classification of water as a mineral?
What challenges faced Franklin Roosevelt in 1933? How did he use his inaugural speech to address these challenges?
Write a letter to the principal regarding your complaints on standard of online classes and suggest some points to improve them