## Answer :

Or I=PRT

So you invest $580 so I=$580 Rate would be .10 and time would be 1 for one year. So if you put this into the formula you get

$580=P(.65)(1)

So $580=.65P so $580/.65=P so P is approximately $892.31 per year.

Or I=PRT

So you invest $580 so I=$580 Rate would be .10 and time would be 1 for one year. So if you put this into the formula you get

$580=P(.65)(1)

So $580=.65P so $580/.65=P so P is approximately $892.31 per year.