A student has a savings account earning 9% simple interest. She must pay $1400 for first-semester tuition by September 1 and $1400 for second-semester tuition by January 1. How much must she earn in the summer (by September 1) to pay the first-semester bill on time and still have the remainder of her summer earnings grow to $1400 between September 1 and January 1? (Round your answer to the nearest cent.)
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Home » Business » A student has a savings account earning 9% simple interest. She must pay $1400 for first-semester tuition by September 1 and $1400 for second-semester tuition by January 1.