You need to save $1,300 to go overseas in two years. You deposit $800 in a savings account today. The account earns 10% interest. You will make an additional deposit in one year. How much must you deposit in one year in order to have enough to go on the trip?

The additional deposit to be made in one year should be $ 301.81.

Step-by-step explanation:

Given that I need to save $ 1,300 to go overseas in two years, and I deposit $ 800 in a savings account today, that earns 10% interest, and I will make an additional deposit in one year, to determine how much must I deposit in one year in order to have enough to go on the trip, the following calculation must be performed:

800 x 1.1 = 880

(880 + X) x 1.1 = 1300

1300 / 1.1 = 1,181.81

1,181.81 - 880 = X

301.81 = X

Therefore, the additional deposit to be made in one year should be $ 301.81.

a

step-by-step explanation:

its wrong