Question

How long will it take to earn $525 in interest if $3500 is invested at a 6% annual interest rate?

Answer 1

Approximately 3 years.

Answer 2

A 6% annual interest rate of 3500 would be an annual profit 210 per year, so it would take approximately 3 years to make $525. 2.5 years to be exact.

Answer 3

Invested at a 6% annual interest rate means 3500*6% $ will be gotten every year. As 3500*6%=210, so 525/210=2.5, it will get 2.5 years to earn $525.