Question

you want to put some money in a simple interest account.it pays 6% interst annually for 2 years . you would like to earn $750 in interest. how much money do you need to put in.

PLEASE HELP ME WITH THIS~!!

Answer 1

Answer:

  $6,250

Step-by-step explanation:

Use the simple interest formula and fill in the numbers you are given.

  I = Prt

  750 = P(.06)(2)

  750/0.12 = P = 6,250 . . . . . divide by the coefficient of P

You need to put in $6,250 to earn $750 in interest.