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2 years ago

8

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 year, she had earned $5.00 in

interest on the account. No other money was deposited into or withdrawn from the account.
How much was her initial deposit?

1 answer:

svetlana [45]2 years ago

6 0

Answer: 800$ is the answer.

multiply to by both sides, remove 1/2.

Have a blessed day.

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GenaCL600 [577]

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vampirchik [111]

<u>Answer:</u>

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Hence the coupon bond rate = $1000 ×2%

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Formula used:

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xeze [42]

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Step-by-step explanation:

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