SOLUTION: I want to earn $500 in interest so I will have e nough money to buy a used car. I put $2000 into an account that earns 2.5% interest. How long will I need to leave my money in the

SOLUTION: I want to earn $500 in interest so I will have e nough money to buy a used car. I put $2000 into an account that earns 2.5% interest. How long will I need to leave my money in the

Algebra.Com

Question 659863: I want to earn $500 in interest so I will have e nough money to buy a used car. I put $2000 into an account that earns 2.5% interest. How long will I need to leave my money in the account to earn $500 in interest?
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
9years and 1 month
RELATED QUESTIONS
An equation for simple interest can be written as I=prt, where I is the interest, p is... (answered by rfer)

Jamie wants to earn $500 in interest so she will have enough to pay a used car. She puts (answered by greenestamps)

If I have $30,000.00 and I put it into an account that earns 3% compounded annually, how... (answered by jim_thompson5910)

I want to have 500,000 for retirement in 35 years. My account earns 4% interest, how much (answered by math_tutor2020,ikleyn)

You want to put $8,000 in a simple interest account. It has a 2% annual interest rate.... (answered by mananth)

Is it 9,050.25? I want to check my answer. Topic: Financial Mathematics Anna wants (answered by ikleyn,MathLover1,greenestamps)

If I wanted to deposit money into my bank account that earns 4.25% simple interest. How... (answered by solver91311)

Ashley deposits $500 into an account that earns 2% interest compounded 3 times per year.... (answered by catieedoe)

When saving to buy a car, i placed the $2000 i had already in an account that earned 3.5% (answered by Theo,MathTherapy)