If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have to be deposited to earn P225 of interest?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have to be deposited to earn P225 of interest?
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