Question

This is a simple interest problem. How many years will it take for $2,500 to reach $4,000 at a simple rate of 6%

Answer 1

same thing take 2,500 * .06 what u get?

Answer 2

150. Than I have to do 150x = 4,00, correct?

Answer 3

4,000*

Answer 4

nope :) what is 4,000-2,500?

Answer 5

1,500

Answer 6

yep! so you take 150x=1500 what u get?

Answer 7

this is because you are trying to see how many years it takes to get from 2500 to 4000 with a 6% interest rate

Answer 8

thats why its different lol

Answer 9

Oh! I'm so sorry! I wrote the problem out wrong. It's 3% not 6. Sorry :o

Answer 10

oh okay easy fix 2500 * .03?

Answer 11

75

Answer 12

kay so you take 75x=1500 what u get? if u made no other mistakes lol

Answer 13

lol, nope. and it's 20

Answer 14

yep so it takes 20 years to reach 4,000!

Answer 15

Thanks again :)

Answer 16

NP gtg