upadhaa23 upadhaa23
  • 16-01-2022
  • Mathematics
contestada

Mr Gardener wants to have an annual intrest off 1000. if the annual intrest rate is 5% how much money should he invest

Respuesta :

samtherring
samtherring samtherring
  • 16-01-2022

Answer:

$20,000

Step-by-step explanation:

if he invests 20000 he will get 5% of that each year, 5% of 20000=1000 meaning he will have a 1000 yearly interest rate

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