Bright Carrillo
07/20/2023 · High School
ASK YOUR TEACHER PRACTICE ANOTHER \( \begin{array}{l}\text { A student has a savings account earning 3\% simple interest. She must pay } \$ 1900 \text { for first-semester tuition by September } 1 \text { and } \\ \$ 1900 \text { for second-semester tuition by January } 1 \text {. How much must she earn in the summer (by September } 1 \text { ) to pay the first- } \\ \text { semester bill on time and still have the remainder of her summer earnings grow to } \$ 1900 \text { between September } 1 \text { and January } 1 \text { ? } \\ \text { (Round your answer to the nearest cent.) } \\ \$\end{array} \).
Upstudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
The student must earn approximately \$3781.19 in the summer.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit