*will give 15 points * you want to put 2500 in a simple interest account. it has 4% annual interest rate. how long must you invest that money to earn $500 in interest? a. 1.25 years b. 2.5 years c. 5 years d. 20 years

just fyi, if you spend x points on question, each user gets x/2 points (rounded up or down, I don't remember)

simple interest formula is

I=PRT

I=interest

P=principal

R=rate in decimal

T=time in years

assuming you mean that the principal is $2500 and not 2500 cents or 2500 of some other currency

interest=500

R=4%=0.04

I=PRT

500=(2500)(0.04)(T)

500=100T

divide both sides by 100

5=T

answer is 5 years

C is answer

if you explain the the question more correctly i might be able to answer this better

step-by-step explanation:

total amount of money that he should pay if he has not used his duty free exemption is $98

step-by-step explanation:

given a united states citizen returning to the states declares the following items at the customs office: 3 shirts at $8.50 each 2 dresses at $27.50 each 1 pair of gold cuff links at $17.50 per pair. we have to find how much he pay

cost of 3 shirts if one cost at $8.50 is

cost of 2 dresses if one cost at $27.50 is  

cost of 1 pair of gold cuff at $17.50

so, total amount of money that he should pay if he has not used his duty free exemption is   $25.5+$55+$17.50=$98