Halp!?

Could someone help me with this problem? I'd need the formula you used to solve it too. :p

Andrea wants to deposit money into a bank account that earns 4% simple interest. Use the formula to find the amount of money that she should deposit so that she earns $2800 after 3.5 years. Show and explain your work.

5 bucks and I'll do it

Wait, are you looking for 2800 as the total, or the interest earned?

Do it yourself.

Original Formula
Interest = (Principle amount)(rate)(time)

Insert Variables
2800 = (P)(0.04)(3.5)

divide by time and rate
2800/3.5/0.04 = P

Get Principle amount
20000 = P

Smithno13 wrote:

Wait, are you looking for 2800 as the total, or the interest earned?

Yeah that was my doubt, but frkydude solved it. Thanks bro!

Lol, I had that same answer before I posted. But then I thought back and realized that if you needed help, it must be hard. I guess not.