vanessaruiz829 vanessaruiz829

Today at 7:39 PM
Mathematics

Answered

A principle of $20,000 is invested at $6.25 and earns $10,000 simple interest how long has the money been invested

Answer :

amna04352 amna04352

Today at 7:44 PM

Answer:

1600

Step-by-step explanation:

Assuming $6.25 is the interest earned annually,

Let n be the no. of years

Then,

6.25 × n = 10000

n = 10000/6.25

n = 1600

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