Question

How many weeks will it take for 50 000 to earn 1500 in interest if the rate is 6% p.a.

Answer 1

aaaaa

Answer 2

using a weekly rate for simple interest, you want

p*rt = 1500
50000*(.06/52)t = 1500
t = 26

makes sense, since you will earn 6% of 50000 = 3000 in a year.