Solving Simple Interest

sarahperkins01

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Sep 23, 2015
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"Andrea wants todeposit money into a bank account that earns 4% simple interest. Usethe formula to find the amount of money that she should deposit sothat she earns $2800 after 3.5 years. Show and explain your work." This is on my homework and I need help with it!! The question after this is a follow up and says, "Solve theequation and write the solution set."
 
"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."

This is on my homework and I need help with it!
What did you get when you plugged the given numbers into the specified formula?

Please reply showing all of your work, starting with the formula and how you plugged the numbers into it. Thank you! ;)
 
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