Asked by mier

ow many months will it take if I invest $5000.00 at 5% to make $136.48?
Answered by Ms. Sue
I = PRT

136.48 = 5,000 * 0.05 * T

136.48 = 250T

0.5455 = T

It will take about 7 months.

Answered by Henry
Since no compounding frequency was given, I will assume simple interest.

I = Po*r*t = $136.48
5000*(0.05/12)*t = 136.48
20.833t = 136.48
t = 6.6 Months.

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