document.write( "Question 1065938: Hello- trying to figure out 2 things.
\n" ); document.write( " 1. Are they asking for the amount that had to be deposited so that in 3 years the account has 100 dollars in it,
\n" ); document.write( "OR
\n" ); document.write( "Are they asking how much deposited so that 100 was earned?\r
\n" ); document.write( "\n" ); document.write( "Either way, I come up with wacky numbers using I=PRT. \r
\n" ); document.write( "\n" ); document.write( "Any help would be greatly appreciated.\r
\n" ); document.write( "\n" ); document.write( "Question:
\n" ); document.write( "how much money must you deposit in a savings account that pays 3% simple interest rate to earn $100 in 3 years? \n" ); document.write( "

Algebra.Com's Answer #681103 by Alan3354(69443) $\"\"$ $\"About$

You can put this solution on YOUR website!
how much money must you deposit in a savings account that pays 3% simple interest rate to earn $100 in 3 years?
\n" ); document.write( "----------
\n" ); document.write( "Earn $100 means that's the interest.
\n" ); document.write( "---
\n" ); document.write( "I = P*r*t
\n" ); document.write( "100 = P*0.03*3
\n" ); document.write( "P = 100/0.09
\n" ); document.write( "P = $1111.11
\n" ); document.write( "---------
\n" ); document.write( "You deposit that amount, and in 3 years you have $1211.11
\n" ); document.write( "Big whoop. \n" ); document.write( "

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