Respuesta :
Answer:
$18,480
Step-by-step explanation:
Clint's Earned Interest at Simple Interest=$1155
Time=5 years
Rate= 1.25%
We want to determine how much he invested, (in Simple Interest term, that is the Principal).
Simple Interest=(Principal X Rate X Time)/100
1155=(PX1.25X5)/100
On cross multiplication
115500=6.25P
Divide both sides by 6.25
Principal, P= 18480
It means Clint's Original deposit was $18,480.
The Clint's Original deposit in his account was $18,480.
Given that,
Clint's Earned Interest at Simple Interest = $1155
Time = 5 years
Rate = 1.25%
We want to determine,
How much he invested, (in Simple Interest term, that is the Principal).
Therefore,
Simple Interest = principal × rate ×time ÷ 100
1155 = [tex]\frac{P . (1.25) . (5 ) }{100}[/tex]
On cross multiplication,
115500 = 6.25P
Divide both sides by 6.25,
P= 18480
Hence, The Clint's Original deposit in his account was $18,480.
For more information about Simple interest click the link given below.https://brainly.in/question/40823321
