Solving Simple Interest

timer Asked: Sep 23rd, 2015

Question description

I have a problem I don't know how to do. Here it is: "Andrea wants to deposit money into a bank account that earns 4% simple interest. Use the formula to find the amount of money that she should deposit so that she earns $2800 after 3.5 years. Show and explain your work." It also has a follow-up question that says, "Solve the equation and write the solution set."

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