Andrea wants to deposit money into a bank account that earns 4.5% simple interest. Use the formula l=Prt to find the ammount of money that she should deposit so that she earns $2800 after 4.5 years. Show and explain your work.
The formula is I=prt I interest earned 2800 P amount deposited. ? R interest rate 0.045 T time 4.5 years Solve the formula for p by dividing both sides by rt to get P=I/rt P=2,800÷(0.045×4.5) P=13,827.16 round your answer to get 13827
