DeAngi
DeAngi DeAngi
  • 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 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

Answer Link
Awesomebatman28 Awesomebatman28
  • 18-01-2021

Answer:

20,000

Step-by-step explanation:

;)

Answer Link

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