# math

160 days after borrowing money, Ms. garcia pays an interest of P 370.00. How much did she borrow if the simple interest rate is 8 1/2?

1. 👍 0
2. 👎 0
3. 👁 197
1. I = PRT
let's fill in what we know ...

370 = P(.085)(160/365)
p = 370(365)/(.085)(160))
= ....

1. 👍 0
2. 👎 0

## Similar Questions

1. ### math

Mr. Wilson invested money in two accounts. His total investment was \$40,000. If one account pays 4% in interest and the other pays 8% in interest, how much does he have in each account if he earned a total of \$2,720 in interest in

2. ### Math

Are these correct ?. My grade counts on this and I'm not the best at math. I. Interest is ____?. (1pt) a. The amount of money your bank pays you for the use of only your money. b. The amount you might pay for a loan. * c. A

3. ### Math

a mother wants to invest 7000 for her son's future education.she invest in two account: a money market fund that pays 4% and a certificate of deposit that pays 7%. if the total interest earned after one year is \$420, how much

4. ### Math

mr. and mrs. garcia have a total of 100000\$ to be invested in stocks, bonds, and a money market account. the stocks have a rate of return of 12% per year, while the bonds and the money market account pays 8% per year and 4% per

1. ### algebra

suppose you invest a certain amount of money n an account that pays 11% interest annually, and 4000 more than that in an account that pays 12% annually, How much money do you have in each account id the total interest for a year

2. ### Math

A woman has money in two accounts. One account pays 7% annual interest, whereas the other pays 15% annual interest. If she has \$1,500 more invested at 15% than she does at 7% and her total interest for a year is \$1,545, how much

3. ### algebra

Solve the problem. Helen Weller invested \$15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the

4. ### math

Suppose \$500 is divided into two bank accounts. One account pays 15% simple interest per year and the other pays 10%. After three years there is a total of \$200 in interest between the two accounts. How much was invested into the

1. ### math

You deposit \$6,700 in a money-market account that pays an annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years?

2. ### math

a) Enter your desired amount of money you wish to receive each month while retired = \$ 2000 b) Upon retirement (40 years from now) you want to receive "x dollars" (amount of money you choose in Part a) each month for a period of

3. ### pre-algebra

You split \$1500 between two savings accounts. Account A pays annual 5% interest and Account B pays 4% annual interest. After one year,you have earned a total of \$69.50 in interest. How much money did you invest in each account?

4. ### Algebra

Helen invested \$14,000 in an account that pays 3% simple interest. How much additional money must be invested in an account that pays 6% simple interest so that the average return on the two investments amounts to 4% ?