Howard earned $48 in interest after saving for 3 years at a simple annual interest rate of 2%. How much did Howard originally de
posit?
2 answers:
Answer:
Howard originally deposited $800.
Step-by-step explanation:
Interest = $48
t = 3 years
r = 2% or 0.02
p = ?
Simple interest formula is :

Substituting the values in formula, we get;

=> 
p = $800
Hence, Howard originally deposited $800.
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