04-03-2017
Mathematics

contestada

Mr. Gardener wants to have the annual interest of $1000.00. If the annual interest rate is 5%, how much money should he invest?

Respuesta :

lodishenmaths lodishenmaths

04-03-2017

rate x amount x time= interest
(5×x×10)÷100=1000
50x=100000
x=1000000÷50
x=20000 dollars

ans=$20000
hope it helped

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Awesomebatman28 Awesomebatman28

18-01-2021

Answer:

20,000

Step-by-step explanation:

;)

Answer Link

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