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AnnZ [28]
3 years ago
15

Your mom opens an account to save money for a family vacation. The account earns an annual interest rate of 4%. She earns $37 in

simple interest after 6 months. How much money did she put in the account when she opened it?
Mathematics
1 answer:
Mumz [18]3 years ago
4 0

$1,850 is the correct answer. When you divide the interest ($37) by the time in years (0.5) and the interest rate (0.04), you get the correct amount of principal.


That's straight from the source. I feel so bad that your question didn't get answered. It's legit been two years

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