Question
How much should you invest at 3% simple interest in order to earn $95 interest in 8 months?
Answers
Ms. Sue
I = PRT
95 = P * 0.03 * 0.66667
95 = 0.002P
47,500 = P
95 = P * 0.03 * 0.66667
95 = 0.002P
47,500 = P
ginoi
How much should you invest at 3.7% simple interest in order to earn $95 interest in 3 months?