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kkurt [141]
2 years ago
11

Kira had some money sitting in a savings account that earns 2.75% simple interest each year. She left it there for 8 years and e

arned $495 in interest. How much money did she have in the account to begin with.
Mathematics
1 answer:
Aleksandr [31]2 years ago
7 0

Answer:

$2250

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 2.75%/100 = 0.0275 per year,

then, solving our equation

I = 2250 × 0.0275 × 8 = 495

I = $ 495.00

The simple interest accumulated

on a principal of $ 2,250.00

at a rate of 2.75% per year

for 8 years is $ 495.00.

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