Gene paid a deposit on a leased car. The deposit earns 2.8 percent simple annual interest. At the end of the year, the interest that is earned is $22.40. What was the amount of the original deposit?
$0.63
$80.00
$62.72
$800.00

Question

Gene paid a deposit on a leased car. The deposit earns 2.8 percent simple annual interest. At the end of the year, the interest that is earned is $22.40. What was the amount of the original deposit? 
$0.63
$80.00
$62.72
$800.00

anonymous · Answer

Victor borrowed money at 5.25 percent simple annual interest. At the end of the year, the interest on the loan is $255.94. What was the amount of the loan? 
$13.44
$134.37
$1,343.69
$4,875.05

Mercury · Answer

first problem has ben answered here: https://questioncove.com/study#/updates/5fb3ee163473333dc3921e00 Second problem uses the same formula