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Determine the deposit that must be made to earn $49.27 in 325 days at 6%
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Determine the deposit that must be made to earn $49.27 in 325 days at 6%
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Sep 12, 2018
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Determine the deposit that must be made to earn $49.27 in 325 days at 6%
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Brad Jones
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if we assume, this is simple interest at 6%, since you never specified above
then we can say that
notice, "t" is in years, so 325 needs to be converted to years by dividing it by 365
solve for "P", or the Principal amount
Zappee
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Sep 18, 2018
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