Question

1.In what length of time will $500 be the interest on $2500 invested 5% per anum?

Is this compounded. I will assume it is not.
0.05 x 2500 x #yrs = 500
Solve for #yrs.

Answer 1

2. In what length time will $500 be the interest on $2500 which invested at 5% per annum