The amount of money you deposit into the account is $3000
<h3>How much money did you deposit into the account? </h3>
The given parameters are
Rate, r = 8%
Time, t = 5 years
Interest, I = $1200
The formula of simple interest is
I = PRT
So, we have
1200 = I * 8% * 5
This gives
1200 = I * 0.4
Divide both sides by 0.4
I = 3000
Hence, the amount of money you deposit into the account is $3000
Read more about simple interest at:
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It should be A.
i know this because a proportion line is a straight line that travels through the origin.
Answer:
A. -[ln(0.5)/6,300]
Step-by-step explanation:
Done on apex, it is correct.
