anonymous
  • anonymous
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?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
40 = p * .05 * 1/2 =>p = 40 / .025 = 1,600
anonymous
  • anonymous
can u expand on how u got the answer?
experimentX
  • experimentX
Interest = Rate x Time x Principal

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experimentX
  • experimentX
And change Rate in to decimal
anonymous
  • anonymous
:)
anonymous
  • anonymous
wait what does the 1/2 mean? that chloropyhll wrote?
experimentX
  • experimentX
that time .. 1/2 is half year.
anonymous
  • anonymous
hmmm thats what i was thinking put wasnt sure... :)
anonymous
  • anonymous
wait now im confused..... when chlorophyll wrote p=40/.025=1600 does this mean that 40 was in the numerator??? if so why?
anonymous
  • anonymous
40 = p * 5/100 * 1/2 =>40 = 5 p/ 200 => p = 40 * 200/ 5 = 1,600
anonymous
  • anonymous
Is it easier to understand?
anonymous
  • anonymous
ummmmmmmmm.........ok i get confused in the 2nd step
anonymous
  • anonymous
5/100 * 1/2 = 5/200
anonymous
  • anonymous
question......where is 100 and 200 coming 4rm????????
anonymous
  • anonymous
money you want (40) = money you need (p) * interest (0,5) * time (1/2 year) 40 = p * 0,5 * 1/2 40 = p * 0,025 40/0,025 = p 1600 = p Money you need = 1600
anonymous
  • anonymous
5/ 100 is from 5%
anonymous
  • anonymous
i think $800

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