Ask Question
29 January, 19:54

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?

+4
Answers (1)
  1. 29 January, 23:48
    0
    500=P*0.08*2

    500/0.16=P

    P=3125
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers