SOLUTION: Bill wants to deposit money into a bank account that earns 3.25% simple interest. Use the formula I=prt to find the amount of money that he should deposit so that he earns $3800 af

Question 1045665: Bill wants to deposit money into a bank account that earns 3.25% simple interest. Use the formula I=prt to find the amount of money that he should deposit so that he earns $3800 after 4.5 years. Round your answer to the nearest whole dollar.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
is the amount he should deposit,
so solve for

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He must deposit $25,983
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check answer:

OK
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