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

help?
@thisgirlpretty
@shadow
@563blackghost
@razor
@angle

Answer 1

I don't do mathematics. Sorry. I only do History, Biology, and Chemistry.

Answer 2

You know anyone who does ?

Answer 3

Hello ^_^

so for simple interests
the formula would be: (Deposit)*(number of years)*(interest rate) = (interest earned)

Answer 4

here is the information we know:

number of years = 1
interest rate = 0.028
interest earned = 22.4

Answer 5

Angle does.

Answer 6

ok

Answer 7

i got the information @angel

Answer 8

can you plug it into the formula I gave?

Answer 9

ill try

Answer 10

Note: @angel =/= @Angle

Answer 11

show me what you get when you're ready ^_^

Answer 12

i tried already & b

Answer 13

@angle ^

Answer 14

hmm well we have

(Deposit) * (1) * (0.028) = 22.4

right?

Answer 15

right

Answer 16

then
Deposit = (22.4) / (0.028) = ?

Answer 17

800?

Answer 18

yup!

Answer 19

Thanksss !