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How long will Lucy have to wait before for her $2,500 invested at 6%

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How long will Lucy have to wait before for her $2,500 invested at 6%  [#permalink]

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New post 08 Aug 2019, 01:37
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A
B
C
D
E

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100% (00:35) correct 0% (00:00) wrong based on 8 sessions

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Re: How long will Lucy have to wait before for her $2,500 invested at 6%  [#permalink]

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New post 08 Aug 2019, 04:20
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Bunuel wrote:
How long will Lucy have to wait before for her $2,500 invested at 6% earns $600 in simple interest?

A. 2 years
B. 3 years
C. 4 years
D. 5 years
E. 6 years


Asked: 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

IMO C
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Re: How long will Lucy have to wait before for her $2,500 invested at 6%   [#permalink] 08 Aug 2019, 04:20
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