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. If no other money was deposited into or withdrawn from the account, how much was her initial deposit? Enter your answer in the box.

Respuesta :


5= x (1+ (0.0125*12))

5= x(1+0.15)

5= x+0.15x

5= 1.15x

x= 4.34782609, round it up

Initial deposit was $4.35
I Took the test the answer is 800.00


HOPE YOU GET A 100.00