Answers

1. Answer:

   8 years to earn $500

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2. Answer:

   It would take 8 years

   Step-by-step explanation:

   $1,250 ÷ 100 = 12.5

   So 12.5 is 1%

   12.5 x 5 = 62.5

   So 62.5 = 5%

   500 ÷ 62.5 = 8 years

   So it would take 8 years to year $500 interset on an investment of $1250 at a 5% simple interest

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