Mathematics, 25.09.2019 00:30 zaylencollins55

Is my answer correct? if you would like to make $1213 in 8 years, how much would you have to deposit in an account that pays simple interest of 5%?
i=1213(.05)(8) i=388.16 interest earned is $388.16 1213+388.16=1601.16

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Is my answer correct? if you would like to make $1213 in 8 years, how much would you have to deposit in an account that pays simple interest of 5%? i=1213(.05)(8) i=388.16 interest earned is $388.16 1213+388.16=1601.16

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Is my answer correct? if you would like to make $1213 in 8 years, how much would you have to deposit in an account that pays simple interest of 5%?
i=1213(.05)(8) i=388.16 interest earned is $388.16 1213+388.16=1601.16