document.write( "Question 89106This question is from textbook
\n" );
document.write( ": I have not done algebra related questions in over 20-years and now I am lost!! The question is:
\n" );
document.write( "How much would need to be invested at 3.25% annual simple interst to amount to $6510 in 5 years? \n" );
document.write( "
Algebra.Com's Answer #64771 by askmemath(368)![]() ![]() ![]() You can put this solution on YOUR website! 3.25% annual simple interst to amount to $6510 in 5\r \n" ); document.write( "\n" ); document.write( "Let the principal amount = P \n" ); document.write( "The interest on this let it be I\r \n" ); document.write( "\n" ); document.write( "Given amount A after 5 years i.e A = 6510\r \n" ); document.write( "\n" ); document.write( "or P+I = 6510\r \n" ); document.write( "\n" ); document.write( "But I = (PTR)/100 where P = Prinicipal,T= Time and R = Rate\r \n" ); document.write( "\n" ); document.write( "So I = PTR/100 \n" ); document.write( " I = (Px5x3.25)/100 \r \n" ); document.write( "\n" ); document.write( "20I = 3.25P \n" ); document.write( "4I = .65 P\r \n" ); document.write( "\n" ); document.write( "4(P+I) = 4x6510 \n" ); document.write( "4P +4I = 4x6510 \n" ); document.write( "4P +.65P = 4x6510\r \n" ); document.write( "\n" ); document.write( "4.65P = 4x6510\r \n" ); document.write( "\n" ); document.write( "I hope you can solve from here \n" ); document.write( " \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |