radhanasrinivasan1 radhanasrinivasan1
  • 23-02-2022
  • Mathematics
contestada

How many years would it take a $5,000 investment to reach $7,500 at an 8% interest rate?

Respuesta :

guleidgangi
guleidgangi guleidgangi
  • 24-02-2022

Answer:

18.75 years

Step-by-step explanation:

first multiply the amount to the rate

5,000 × 8% = 400

second

7,500/ 400 = 18.75

it takes 18.75 to reach 7,500

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