It’s the same thing as 55.5 - 200
C = 9/28 = 0.321
https://www.tiger-algebra.com/drill/3c-3/4=2c/3/
Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
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Compound interest</h3>
Compound interest is given by:

where A is the amount after t years, P is initial amount, r is the rate and n is the times compounded per period
Given that n = 1, r = 9% = 0.09, A = $7500 t = 11. Hence:

Mr. and Mrs. Bailey need to invest $2906.50 so as to send their son to college.
Find out more on Compound interest at: brainly.com/question/24924853