SOLUTION: Graduation is 3 years away and you want to have 1350 available for a trip. If your bank is offering a 3 year CD paying 2.8% simple interest, how much do you need to put in this CD

Question 1148430: Graduation is 3 years away and you want to have 1350 available for a trip. If your bank is offering a 3 year CD paying 2.8% simple interest, how much do you need to put in this CD to have the money for your trip. Show work
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
.


1350 = 


where X is your unknown, which is the value under the question.


From the equation,   X =  = 1245.39 dollars.    ANSWER

Solved.

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