document.write( "Question 1049520: How much must be placed in a five months term deposit earning 4.4 simple interest in order to earn $480 interest? \n" ); document.write( "
Algebra.Com's Answer #665101 by jorel555(1290) ![]() You can put this solution on YOUR website! If money earning 4.4% simple interest is placed on deposit for 5 months, then the money has earned: \n" ); document.write( "5/12 x .044=0.018333333 , or 1.83333333% \n" ); document.write( "480/.01833333333=$26181.82 as the initial deposit. ☺☺☺☺ \n" ); document.write( " |