document.write( "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. \n" ); document.write( "

Algebra.Com's Answer #661152 by josmiceli(19441) $\"\"$ $\"About$

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$\"+p+\"$ is the amount he should deposit,
\n" ); document.write( "so solve for $\"+p+\"$
\n" ); document.write( " $\"+I+=+3800+\"$
\n" ); document.write( " $\"+t+=+4.5+\"$
\n" ); document.write( " $\"+r+=+.0325+\"$
\n" ); document.write( "--------------
\n" ); document.write( " $\"+I+=+p%2Ar%2At+\"$
\n" ); document.write( " $\"+3800+=+p%2A.0325%2A4.5+\"$
\n" ); document.write( " $\"+3800+=+.14625p+\"$
\n" ); document.write( " $\"+p+=+25982.906+\"$
\n" ); document.write( "He must deposit $25,983
\n" ); document.write( "------------------------
\n" ); document.write( "check answer:
\n" ); document.write( " $\"+I+=+p%2Ar%2At+\"$
\n" ); document.write( " $\"+3800+=+25983%2A.0325%2A4.5+\"$
\n" ); document.write( " $\"+38900+=+3800.01+\"$
\n" ); document.write( "OK \n" ); document.write( "

\n" );