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Your mom opens an account to save money for a family vacation. The account earns an annual interest rate of 4%. She earns $37 in simple interest after 6 months. How much money did she put in the account when she opened it?

Respuesta :

$1,850 is the correct answer. When you divide the interest ($37) by the time in years (0.5) and the interest rate (0.04), you get the correct amount of principal.


That's straight from the source. I feel so bad that your question didn't get answered. It's legit been two years