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Answer:
Tony's deposit was $800.
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Total units would be: 4+7 = 11
value of 1 unit = 44/11 = 4
Ratio would be: 4(4) & 7(4) = 16 & 28
The answer is 4 because the d is already negative
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