Rebecca earned $115 in simple interest for 8 months at an annual interest rate of 3%. How much money did she start with in her account?

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Habib Kazemi asked Jun 17, 2023

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Rebecca earned $115 in simple interest for 8 months at an annual interest rate of 3%. How much money did she start with in her account?

Mathematics
college

Habib Kazemi asked Jun 17, 2023

by Habib Kazemi

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Yes like he said the answer is 5750$

David Callanan answered Jun 19, 2023

by David Callanan

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14 votes

Answer:

$5750

Explanation:

For simple interest,

I = prt

115 = p × 0.03 × 8/12

p = 5750

Gurg Hackpof answered Jun 23, 2023

by Gurg Hackpof

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