Simple interest is given by the formula A P+Prt. Where A is the balance of...
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Simple interest is given by the formula A P+Prt. Where A is the balance of the account after t years, and P is the starting principal invested at an annual percentage rate of r, expressed as a decimal.Devante is investing money into a savings account that pays 2% simple interest, and plans to leave it there for 10 years. Determine what Devante needs to deposit now in order to have a balance of $20,000 in his savings account after 10 years.Devante will have to invest $ now in order to have a balance of $20,000 in his savings account after 10 years. Round your answer to the nearest dollar.
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