SOLUTION: Please help me with this problem
What amount of money must be invested in a 75 day CD paying 5.2% simple interest in order to earn $40?
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Question 1067852: Please help me with this problem
What amount of money must be invested in a 75 day CD paying 5.2% simple interest in order to earn $40?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
What amount of money must be invested in a 75 day CD paying 5.2% simple interest in order to earn $40?
:
*.052*A = 40
.010685A = 40
A =
A = $3743.57
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