MATH SOLVE

3 months ago

Q:
# In 9 years, Lance earned $3262.50 interest on a deposit made to an account that earned 2.7% simple interest per year: How much was Lance's original deposit? PLEASE HELP!!!!!!! Thank you.

Accepted Solution

A:

Answer:$4055.28Step-by-step explanation: Your formula is A=P(1+rt)P is the amount of money Lance puts in = 3262.50R is the interest rate in a decimal = .027T is the time in years = 9A=3262.50(1+.027x9)Use a calculatorA=4055.28