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Morgarella [4.7K]

3 years ago

15

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:

trapecia [35]3 years ago

5 0

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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