document.write( "Question 1181210: Graduation is 3 years away and you want to have $1150 available for a trip.If your bank is offering a 3-year CD (certificate of deposit) paying 3.6% simple interest, how much do you need to put in this CD to have the money for your trip? \n" ); document.write( "
Algebra.Com's Answer #811077 by ikleyn(52786)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "Graduation is 3 years away and you want to have $1150 available for a trip. \n" ); document.write( "If your bank is offering a 3-year CD (certificate of deposit) paying 3.6% simple interest, \n" ); document.write( "how much do you need to put in this CD to have the money for your trip? \n" ); document.write( "~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "You write the simple interest equation as you read the text\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " 1150 = x*(1+0.036*3)\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( "From this equation, you find \r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " x =\r \n" ); document.write( "\n" ); document.write( "Solved, answered and carefully explained.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "--------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To see many other similar (and different) solved problems on simple interest accounts, look into the lesson\r \n" ); document.write( "\n" ); document.write( " - Simple interest percentage problems \r \n" ); document.write( "\n" ); document.write( "in this site.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Learn the subject from there.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |