june has a savings account with an annual simple intrest rate of 2.6% she hopes to gain $6,500. in interest over a period of ele
ven years how much money should June invest
1 answer:
To solve this, let's use the variable 'x' to represent the money invested:
11(0.026(x)) = 6500
0.286x = 6500
Divide:
x = 227272.7272...
We can round up:
x = 227272.73
June has to invest $227272.73
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