In order to have 2 in 3 years, how much should you invest if the simple interest is 5.5%

answer:

171,673.82

step-by-step explanation:

p=r×b

equation 1:

p=5.5%×b

equation 2:

p×3+b=2

subtitute the p

(5.5%b)3+b=2

(0.055b)3+b=2

0.165b+b=2

1.165b=2

divide by 1.165

b=171,673.82

it depend on how much the root prize of all items and how much is the prize you added on it.

clear your question like add the original value of item and the value on how much you sold it.

i don’t know what the answer is i wish i could help