Suppose you have $5000 to invest, and you want to earn $1000 simple interest in 5 years. What is the lowest interest rate that will allow you to do this?

A) 2%

B) 3%

C) 4%

D) 5%

Question

Maritza Bullock

16 January, 13:18

+4

Answers (1)

Know the Answer?

Vicente Stout · Answer 1

I believe the answer is 4% ps I hache studies this and got a degree

Suppose you have $5000 to invest, and you want to earn $1000 simple interest in 5 years. What is the lowest interest rate that will allow you to do this?A) 2%B) 3%C) 4%D) 5%