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OpenStudy (anonymous):
2. 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.
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OpenStudy (anonymous):
SI = P x R x T 2800 = P X .04 x 3.5 P = 2800 / (0.04 x 3.5) P = 20000
OpenStudy (anonymous):
Hope that helped ya :) xx
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