SOLUTION: Graduation is 3 years away and you want to have 1350 available for a trip. If your bank is offering a 3 year CD paying 2.8% simple interest, how much do you need to put in this CD

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Graduation is 3 years away and you want to have 1350 available for a trip. If your bank is offering a 3 year CD paying 2.8% simple interest, how much do you need to put in this CD       Log On

1350 = 


where X is your unknown, which is the value under the question.


From the equation,   X =  = 1245.39 dollars.    ANSWER