If you would like to make $586 in 6 years, how much would you have to deposit in an account that pays simple interest of 3%? Round all answers to 2 decimal places.

$3255.56

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 3%/100 = 0.03 per year,

then, solving our equation

P = 586 / ( 0.03 × 6 ) = 3255.5555555556

P = $ 3,255.56

The principal required to

accumulate interest of $ 586.00

on a rate of 3% per year for 6 years is $ 3,255.56.

< xcy ≅ < xby

step-by-step explanation:

in δcax and δbax,

so, δcax ≅ δbax (side-angle-side or sas)

since δcax ≅ δbax, we can conclude < acx ≅ < abx

in δacy and δaby,

so, δacy ≅ δaby (side-angle-side or sas)

since δacy ≅ δaby, we can conclude < acy ≅ < aby

now,

< acy ≅ < aby

=> < acx + < xcy ≅ < abx + < xby

=> < acx + < xcy ≅ < acx + < xby   (since < acx ≅ < abx already proved above)

subtracting < acx from both sides, we get

< acx + < xcy -< acx ≅ < acx + < xby -< acx

cancelling out < acx and -< acx from both sides, we get

< xcy ≅ < xby (proved)

about 168 miles

step-by-step explanation: