How much to the nearest dollar should you deposit in a savings account at 2.5% annual simple interest in order to have a balance of $20,000 after five years?

The amount we have to deposit in a savings account x = $ 17777.78

Step-by-step explanation:

Amount = $ 20000

R = 2.5 %

Time = 5 years

Take principal amount = x

Simple interest earned in five years

S.I. =

  ------- (1)

We know hat total amount is given by

Total amount = principal amount + simple interest

A = x + S.I.

Given that the total amount after 5 years is = $ 20000

x = $ 17777.78

This is the amount we have to deposit in a savings account.

d i think

step-by-step explanation:

i get you, what you should do is think of the positive things that would come out of it. it will make yours parents proud and raise your grade. you should always try and if you can't focus tell the teacher.