Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You invest some amount of money into your savings account. Your account is earning 3.5% Simple Interest. At the end of 6 months you have
You invest some amount of money into your savings account. Your account is earning 3.5% Simple Interest. At the end of 6 months you have earned $8.75. Round your FINAL answer to the nearest penny (even if zero), USE dollar sign, USE comma as separator if needed [A] What did you originally invest? $500 Question 3 You invest $800 for 36 weeks and have $822.15 available at the end of the 36 weeks. Round to FIVE deciaml places, leave in decimal format [A] What Simple Interest Rate did you earn? 1.48444
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started