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rscollins17:
3. Andrea wants to deposit money into a bank account that earns 4% simple annual 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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Vocaloid:
A = P(1 + r)^t P = initial amount deposited A = amount after t years have passed r = interest rate as a decimal t = number of years Solve for P
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