This is similar to Problem 10 from your Section 2.3 (part 2) worksheet.

A brokerage account earns interest at an annual rate of $11$%. At the end of one year, Sheri would like to have a total of $$5100$ in the account. How much should she deposit now? Recall the simple interest formula, $I=prt$.

Sheri should deposit $.

Hint:

Hint: