1479186325
  • 1479186325
This is a simple interest problem. How many years will it take for $2,500 to reach $4,000 at a simple rate of 6%
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
same thing take 2,500 * .06 what u get?
1479186325
  • 1479186325
150. Than I have to do 150x = 4,00, correct?
1479186325
  • 1479186325
4,000*

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
nope :) what is 4,000-2,500?
1479186325
  • 1479186325
1,500
anonymous
  • anonymous
yep! so you take 150x=1500 what u get?
anonymous
  • anonymous
this is because you are trying to see how many years it takes to get from 2500 to 4000 with a 6% interest rate
anonymous
  • anonymous
thats why its different lol
1479186325
  • 1479186325
Oh! I'm so sorry! I wrote the problem out wrong. It's 3% not 6. Sorry :o
anonymous
  • anonymous
oh okay easy fix 2500 * .03?
1479186325
  • 1479186325
75
anonymous
  • anonymous
kay so you take 75x=1500 what u get? if u made no other mistakes lol
1479186325
  • 1479186325
lol, nope. and it's 20
anonymous
  • anonymous
yep so it takes 20 years to reach 4,000!
1479186325
  • 1479186325
Thanks again :)
anonymous
  • anonymous
NP gtg

Looking for something else?

Not the answer you are looking for? Search for more explanations.