Simple interest is given by the formula A = P + Prt. Where A is the balance of the

account after t years, and P is the starting principal invested at an annual percentage rate

of r, expressed as a decimal.

Noah is investing money into a savings account that pays 3% simple interest, and plans

to leave it there for 10 years. Determine what Noah needs to deposit now in order to

have a balance of $20,000 in his savings account after 10 years.

Noah will have to invest $

now in order to have a balance of

$20,000 in his savings account after 10 years. Round your answer to the nearest dollar.