SOLUTION: Joe made a deposit into an account that earns 6% simple interest after 3 years Joe had earn $400 how much was Joe inital deposit

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Joe made a deposit into an account that earns 6% simple interest after 3 years Joe had earn $400 how much was Joe inital deposit       Log On

0.06*3*P = 400,


where P is Joe's initial deposit.


====>  P =  = $2222.22