Maria deposited some money in to an account, and had an annual simple interest rate of 5%. If she left the money in the account
for 9 months and earned $18.75 in interest, how much money did she originally deposit into the account?
1 answer:
Answer:
$18.71
Step-by-step explanation:
18.75 = P x .05 x .75
18.75 = P x .0375
18.75 - .0375 = P
$18.71 = P
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