Asked by jay

how much would adam have to deposit in a saving account to earn 100 dollars in interest over 4 years at 5% simple annual interest rate.
Answered by Ms. Sue
I = PRT

100 = P * 0.05 * 4

100 = P * 0.2

100/0.2 = P

500 = P

Answered by Athena queen
Your wrong
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