Question

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1212 year, she had earned $5.00 in interest on the account.
If no other money was deposited into or withdrawn from the account, how much was her initial deposit

Answer 1

I=prt,,5.00=.0125*1212p,,p=5.00/.0125*1212=?? Use the calculator