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Mathematics, 03.09.2021 05:00 ExclusiveNay
17. You deposit $1500 in an account that earns simple interest at an annual rate of 3%. Hint 1 = Prt. I = Interest, P = Principal, r = annual interest rate (in decimal form), t = a. How long must you leave the money in the account to earn $900 in interest? t-20 years b. The total amount (principle plus interest) in an account earning simple interest after given by the formula A = p + prt. How much is in the account after 5 years? 17-1500 tisoo(0.03)(5) usls) - 500+ 225 A 1725 c. Solve the equation in part (b) for p. Azptert A - 1 OD
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17. You deposit $1500 in an account that earns simple interest at an annual rate of 3%. Hint 1 = Prt...
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