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how many years would it take to earn $225 on a $750 investment at 5% simple interest?
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225=.05(750)y 6 years y=6
nvm.
Problem: how many years would it take to earn $225 on a $750 investment at 5% simple interest? Here's another way to think of it: we'll earn 5% interest on $750 each year; in how many years will that amount to $225 earned? We know that in one year, we would earn ($750)*(0.05), so we want to know how many years it'll take us to earn a total of $225. So the equation is: $225 = ($750) (0.05) (number of years) So: Number of Years = $225/($750*0.05) Make sense? I hope so!
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