document.write( "Question 634210: An equation for simple interest can be written as I=prt, where I is the interest, p is the principle, or the original money put into the account, rate is, the interest rate in decimal form and t is time. Jamie wants to earn $500 in interest so she’ll have enough to buy a used car. She puts $2000 into an account that earns 2.5% interest. How long will she need to leave her money in the account to earn $500 in interest \n" ); document.write( "
Algebra.Com's Answer #399467 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! t=I/pr \n" ); document.write( "t=500/2000*0.025 \n" ); document.write( "t=500/50 \n" ); document.write( "t=10 yrs \n" ); document.write( " |