Jean pay deposit on a leased car the deposit earns 2.8% simple annual interest at the end of the year the interest is earned is me $2.40 what was the amount of the original deposit

Question

Cloudkily · Answer

I really hate math

Mercury · Answer

simple interest:

I = Prt
where I is the interest ($2.40)
P is the principal (which you'll solve for)
r is the interest rate as a decimal (0.028)
t is time (1 year)

plug in the appropriate quantities and solve for P