SOLUTION: How long will it take for $150 to earn $150 in simple interest at an annual interest rate of 2.5%?
Algebra.Com
Question 923644: How long will it take for $150 to earn $150 in simple interest at an annual interest rate of 2.5%?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
I = Prt
150 = 150(.025)t
1/.025 = t
40yr = t
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