Homework Help: sdsu

Posted by Pam on Saturday, September 1, 2012 at 1:10pm.

Madalyn wants to buy a 400 dollars stereo set in 9 months. How much should she invest at 3% simple interest to have the money then?

sdsu - GeorgeBass, Tuesday, January 22, 2013 at 10:59pm
400 = S*1.0225 (.03/(9/12))
S = 400/1.0225
= 391.20

Answer this Question

Related Questions

math - Zaineb is deciding whether to buy a stereo at $695 plus GST and PST now, ...
Math - Charlie wants to buy a $1000 TV in 9 months. How much should he invest ...
math - Charlie wants to buy a $900 TV in 9 months. How much should he invest now...
math - Charlie wants to buy a $900 TV in 15 months. How much should he invest ...
Math - (COMPOUND INTEREST) Effie is planning to set up a trust fund for her new ...
Alg. 2 - if you invest a total of 1000 dollars, part at 6% and part at 8%, if ...
finance - can anyone help me set up this problem bc im totally lost.... if a ...
physics - A 50 kg boy picks up a 11 kg stereo and raises it 0.75 m from the ...
Math - Barbara knows that she will need to buy a new car in 2 years. The car ...
math - Barbara knows that she will need to buy a new car in 4 years. The car ...

For Further Reading

First Name:
School Subject:
Answer: