Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Alyssa opened a bank account that earns 1.5% simple interest. Over 4 years, she earned $72 in interest. How much money did
she initially deposit into the bank account?

Sagot :

Answer:

1200

Step-by-step explanation:

72/4=$18 interest each year

amount x interest rate = interest

amount x .015 = 18

amount = 18/.015

amount = 1200

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.