Solve the following equation for x
2 answers:
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Answer:
She deposits $350 into the account at the beginning of the year.
Step-by-step explanation:
Let us assume that Keegan deposits $P into her savings account at the beginning of the year.
The account earns 3% simple interest each year and she has $360.50 in her account at the end of the year.
If Keegan did not make any additional deposits or withdrawals during the year.
So, we can write that
⇒ P = $350 (Answer)