Question

girl who hates word problems can someone help me?
shauntee has some money she wants to put in a 6-month certificatee of deposit (CD) account that pays 5% annual interest. she wants to earn $40 in interest to buy a telephone for her room. how much money should shauntee put in the CD account?

Answer 1

40 = p * .05 * 1/2
=>p = 40 / .025 = 1,600

Answer 2

can u expand on how u got the answer?

Answer 3

Interest = Rate x Time x Principal

Answer 4

And change Rate in to decimal

Answer 5

:)

Answer 6

wait what does the 1/2 mean? that chloropyhll wrote?

Answer 7

that time .. 1/2 is half year.

Answer 8

hmmm thats what i was thinking put wasnt sure... :)

Answer 9

wait now im confused.....
when chlorophyll wrote p=40/.025=1600
does this mean that 40 was in the numerator???
if so why?

Answer 10

40 = p * 5/100 * 1/2
=>40 = 5 p/ 200
=> p = 40 * 200/ 5 = 1,600

Answer 11

Is it easier to understand?

Answer 12

ummmmmmmmm.........ok i get confused in the 2nd step

Answer 13

5/100 * 1/2 = 5/200

Answer 14

question......where is 100 and 200 coming 4rm????????

Answer 15

money you want (40) = money you need (p) * interest (0,5) * time (1/2 year)
40 = p * 0,5 * 1/2
40 = p * 0,025
40/0,025 = p
1600 = p
Money you need = 1600

Answer 16

5/ 100 is from 5%

Answer 17

i think $800