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Ji-Yoon deposited some money into a savings account that pays 3% annual simple interest. At the end of 5 years, she earned $472.50 in interest. How much money did she put in the account initially? ROund to the nearest dollars. Please Help me :3

Respuesta :

C1042

Answer:

She put $3150

Step-by-step explanation:

[tex]I = \frac{prt}{100} [/tex]

I = $472.50

p = principal

r = 3%

t = 5

472.50 = (p×3×5)/100

15p = 47250

p = $3150

(Correct me if i am wrong)

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