Liu deposited $3500 into a savings account 2 years ago. The simple interest rate is 4%. How much money did Lui earn in interest?
2 answers:
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Answer
Find out how much money did she start with.
To proof
let us assume that the money she had be x.
As given
woman spent two thirds of her money
Money she had after spent two thirds of her money = Total money - money spent
As given she lost two thirds the remainder
we get
Money she had after lost two thirds the remainder = Money she had after spent two thirds of her money - she lost two thirds the remainder
As given
she had $4 left
thus
x = $36
she start with $36.
Hence proved