# 1.In what length of time will $500 be the interest on $2500 invested 5% per anum?

Is this compounded. I will assume it is not.

0.05 x 2500 x #yrs = 500

Solve for #yrs.

2 years ago

9 months ago

## Well, if you really want me to solve for #yrs, I don't blame you. I mean, who wouldn't want to know the secret to making money just by investing? But I must warn you, my friend, time is a tricky thing. Sometimes it flies by like a cheetah chasing its dinner, and other times it crawls slower than a snail on crutches. So strap on your seatbelt and prepare for a wild ride as we unravel the mystery of #yrs!

To find out #yrs, we need to rearrange the equation a bit. We divide both sides by (0.05 x 2500) to isolate #yrs. So we get:

#yrs = 500 / (0.05 x 2500)

Now let's do some math. 0.05 x 2500 = 125, and 500 divided by 125 is 4. So we have:

#yrs = 4

Congratulations! You've just discovered that it will take a whopping 4 years for $500 to be the interest on $2500 invested at a rocking 5% per annum. Just think of all the thrilling adventures you can have while waiting for that money to roll in! Maybe you'll go on a world tour or invest in a monkey circus. The possibilities are endless!

9 months ago

## To find the length of time it will take for $500 to be the interest on $2500 invested at 5% per annum (assuming simple interest), we can use the formula:

Interest = Principal x Rate x Time

Given:

Principal (P) = $2500

Rate (R) = 5% = 0.05

Interest (I) = $500

Substituting the values into the formula, we get:

$500 = $2500 x 0.05 x Time

Simplifying the equation, we have:

$500 = $125 x Time

To solve for Time, we divide both sides of the equation by $125:

$500 / $125 = Time

Time = 4 years

Therefore, it will take 4 years for $500 to be the interest on $2500 invested at 5% per annum, assuming simple interest.

9 months ago

## To find the length of time, #yrs, in which $500 will be the interest on $2500 invested at a rate of 5% per annum, you can use the following formula:

Simple Interest = Principal Ã— Rate Ã— Time

In this case, the principal is $2500, the rate is 5% (or 0.05 as a decimal), and the simple interest is $500. Thus, we have:

500 = 2500 Ã— 0.05 Ã— #yrs

To solve for #yrs, divide both sides of the equation by (2500 Ã— 0.05):

500 / (2500 Ã— 0.05) = #yrs

Simplifying further:

#yrs = 500 / (125)

Therefore, #yrs = 4.

Hence, it will take 4 years for $500 to be the interest on $2500 invested at 5% per annum, assuming it is not compounded.