How much principal would you have to deposit to earn $470 simple interest in 5 years at a rate of 35%?

You would have to deposit approximately 268.57 dollars

Step-by-step explanation:

Formula for simple interest I=prt

the interest wanted is 470 so I=470

p=principal amount, this is what we are solving for

r=rate, this is 35%

t=time, this is 5 years

470=p(35%)(5)

470=p(0.35)(5)

470=p(1.75)

divide both side by 1.75)

p=268.571428571

rounded=268.57

b or 2, just plug these equations into your graphing calculator then check the graph to see the image. if it matches up then that's your answer!