Mike has $5,000. He deposits it in a bank that offers an annual interest rate of 4%. How long does he need to leave it in the bank in order to earn $1000 in interest?

3women sell hats at a craft fair weekly. the money they make at the fair is split into categories. 9% goes to pay taxes. $55 goes to pay rent for the space they sell in. the rest is split between the women. if the group make $706 at the fair, how much does each women get paid once the money is divided