SOLUTION: Yvonne plans to buy a one-year certificate of deposit (CD) that earns 7% interest. If she needs the CD to earn $100, how much should Yvonne invest? Thank you.

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Question 775531: Yvonne plans to buy a one-year certificate of deposit (CD) that earns 7% interest. If she needs the CD to earn $100, how much should Yvonne invest?
Thank you.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = the amount she needs to invest
+.07x+=+100+
+x+=+100+%2F+.07+
+x+=+1428.57+
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She should invest $1,428.57