littlegapeach04
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HELP ASAP WILL MARK: Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1/2 year, she had earned $5.00 in interest on the account. If no other money was deposited into or withdrawn from the account, how much was her initial deposit? Enter your answer in the box.

Respuesta :

altavistard
Use the simple interest formula    i = p * r * t.

Here,     i = p (0.0125)(1/2) = $5.00.  Solve this for p.

Remove the fraction 1/2 by mult. both sides by 2.

                 0.0125p = $10        so      p = $10/0.0125 = $800 (answer)

Answer:

800

Step-by-step explanation:

i took the test it is right

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