Question

How long will Lucy have to wait before for her $2,500 invested at 6% earns $600 in simple interest

Answer 1

Answer:

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How long will Lucy have to wait before for her $2,500 invested at 6% earns $600 in simple interest. [\tex]

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How long will Lucy have to wait before for her $2,500 invested at 6% earns $600 in simple interest?

$2500 * 6/100 * x = $600

x = 600 / 6 / 25 = 4 years

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