You want to put some money in a simple interest account.it pays 6% interst annually for 2 years . you would like to earn $750 in

Question

3 years ago

13

interest. how much money do you need to put in.
PLEASE HELP ME WITH THIS~!!

1 answer:

murzikaleks [220] · Answer 1 · 2022-08-22T21:26:22+03:00

5 0

Answer:

$6,250

Step-by-step explanation:

Use the simple interest formula and fill in the numbers you are given.

I = Prt

750 = P(.06)(2)

750/0.12 = P = 6,250 . . . . . divide by the coefficient of P

You need to put in $6,250 to earn $750 in interest.