4 years ago

How much money will you need to deposit to earn $75 and simple interest and six months of your bank pays 5% annually

1 answer:

3 0

Answer:

$250

Step-by-step explanation:

I=Prt

75=P*.05*6

75÷6=P*.05*6 ÷ 6

12.5 ÷ .05=P*.05 ÷.05

$250=P

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