Madalyn wants to buy a dollar-sign 300 stereo set in 9 months. How much should she invest at 3 % simple interest to have the money then?
"dollar-sign 300" ???!!?!? Why not just type $300 ??
P(1 + 0.03/4)^3 = 300
P = 293.35
P(1 + 0.03/4)^3 = 300
P = 293.35