Answer: If the time is 3 1/2 years (most reasonable assumption)
Her initial deposit was $160
Step-by-step explanation: The basic formula for simple interest is
<em>i = prt i </em>is interest, P is principal (deposit) r is the percentage (converted to a decimal) and t is time, the number of years.
For this question, you have to rearrange the equation to solve for p.
So divide both sides by rt and you have
p = i/rt
Substitute the values given
p = 36.40/(0.065)(3.5)
DO YOUR OWN WORK CHEATING A$ BOI
To get simplest form you make it the smallest fraction you can make it by dividing both sides by the same number until it's not possible anymore Hope that helped!
