girl who hates word problems can someone help me?
shauntee has some money she wants to put in a 6-month certificatee of deposit (CD) account that pays 5% annual interest. she wants to earn $40 in interest to buy a telephone for her room. how much money should shauntee put in the CD account?

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40 = p * .05 * 1/2
=>p = 40 / .025 = 1,600

can u expand on how u got the answer?

Interest = Rate x Time x Principal

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