SOLUTION: How much money will you need to deposit to earn 75$ in simple interest in 6months if your bank pays 5% annually

SOLUTION: How much money will you need to deposit to earn 75$ in simple interest in 6months if your bank pays 5% annually

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Question 503254: How much money will you need to deposit to earn 75$ in simple interest in 6months if your bank pays 5% annually
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
You would get 2.5% interest in 6 months
Let = deposit

You need to deposit $3,000
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