You wish to have $500 in a year. If you have a savings account that pays 6% simple interest, how much do you need to put into the account?

$8333.3

Step-by-step explanation:

The problem here is to find the principal that will yield an interest of $500 in a year at a rate of 6%.

   Interest  =  

P is the principal

R is the rate

T is the time

The time is 1 year;

      500  =

           6P = 50000

             P  =   = $8333.3

i dony know

step-by-step explanation:

im alright what do you need

step-by-step explanation: