Safiya deposited money into a bank account that earned 6.5% simple interest each year. After 3 1/2 years, she had earned $36.40 in interest

Question

Safiya deposited money into a bank account that earned 6.5% simple interest each year. After 3 1/2 years, she had earned $36.40 in interest on the account. No other money was deposited into or withdrawn from the account.

How much was her initial deposit?

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Helga 5 years 2021-09-02T22:34:31+00:00 1 Answers 135 views -1

Answers ( )

  1. Amity
    1
    2021-09-02T22:36:04+00:00
    Reply

    Answer:

    $1,792

    Step-by-step explanation:

    3 1/2×36.40=116.48

    116.48÷6.5%=1,792

    $1,792

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