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Q: How long does a 4000 investment take to earn 720 interest if the interest rate is 6 percent per year?

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20,000

Two and a half percent of 750 ie 2.5 x 7.5 which is 18.75

2500

It will take 78 days and a bit.

The answer depends on the rate of interest for sums of money of that magnitude.

Related questions

Assuming that the 10 % stated is per year, the investment will earn 0.10 X 20000 = 2000 per year. The years required to earn 4000 will be 4000/2000 = 2.

in one year a sum of 4000 will earn rs 400 as interest at 10 percent pa

3 months

1 year

2

215

Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment

About 7.6%

75 x 7 x 2 = 1050

You could probably do this easier but this is how I would do it. .05*4000 = 200+4000 = 4200*.05 = 210+4200 = 4410*.05 = 220.5+4410 = 4630.5 So you will end up with $4,630.50 your welcome

Depends on how you invested it and what rate of return that investment delivered.

2 years. 10% of 500 is 50.

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