Laila P.
asked • 06/11/21How much should you deposit into an account that pays 3% interest to earn $900 after 10 years?
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1 Expert Answer
Philip P. answered • 06/12/21
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Interest = Principle x Rate x Time
$900 = Principle x 0.03 x 10
$900 = Piniciple x 0.3
Solve for Principle, The units are $.
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Traci L.
Are you earning $900 in interest after 10 years, or a total of $900 in your account after 10 years?06/11/21