lilmady2003 lilmady2003

10-01-2017
Mathematics

Answered

You want to put some money in a simple interest account. It pays 8% interest annually for 2 years. You would like to earn $500 in interest. How much money do you need to put in?

Verified Answer :

Anonymous Anonymous

10-01-2017

500=P0.082
500/0.16=P
P=3125

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