Question

Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in interest on the account. If no
other money was deposited into or withdrawn from the account, how much was his initial deposit? Round your answer to the nearest cent.

Answer 1

@Trillboij

Answer 2

oh your here ._.

Answer 3

lol

Answer 4

what do you guys think? @Trillboij @wo1f0mon @Ana23 @Awolflover1 @ssddss02 @studying

Answer 5

@Reynelle

Answer 6

I'm not sure.

Answer 7

:(

Answer 8

ok

Answer 9

answer choices?

Answer 10

It's infinite

Answer 11

No choices :(

Answer 12

@wo1f0mon

Answer 13

i cant help sowe

Answer 14

it's cool @wo1f0mon

Answer 15

:(

Answer 16

i'm thinking $0.37

Answer 17

im so lost though......

Answer 18

@Korianna @Bob

Answer 19

I can help

Answer 20

O:

Answer 21

maybe it's $0.40

Answer 22

trill what?

Answer 23

I was thinking $0.48

Answer 24

Nothing rey. :3

Answer 25

k den

Answer 26

;)

Answer 27

I will try to answer

Answer 28

ok @Reynelle

Answer 29

just googled and found this....

Answer 30

Calculate Total Amount Accrued (Principal + Interest)
A = P(1 + rt)
Calculate Principal Amount, solve for P
P = A / (1 + rt)
Calculate rate of interest in decimal, solve for r
r = (1/t)(A/P - 1)
Calculate rate of interest in percent
R = r * 100
Calculate time, solve for t
t = (1/r)(A/P - 1)

Answer 31

Does that help you?

Answer 32

That's the formula

Answer 33

right?

Answer 34

i gtg i will try to get answer n the morning :3

Answer 35

I GOT IT!!!!

Answer 36

GOOD!!!!!

Answer 37

alright byes

Answer 38

$293

Answer 39

WAIT

Answer 40

thats for the first year.....................

Answer 41

-_-

Answer 42

wait no it's not because the rate was 14.65

Answer 43

2.5%

Answer 44

find a random number that equals the first years interest rate

Answer 45

(7.325)

Answer 46

so 293 divided by 2.5 = 7.325

Answer 47

Can you guys review my 5 questions?

Answer 48

e.e

Answer 49

e-e

Answer 50

^&^