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After 16 years in a savings account, allison has $7,280 in interest. how much was the initial amount if the account paid 7% simple interest?

After 16 years in a savings account, allison has $7,280 in interest. how much was the initial amount if the account paid 7% simple interest?
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after 16 years in a savings account, allison has $7,280 in interest. how much was the initial amount if the account paid 7% simple interest?

User Golden
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1 Answer

4 votes

7280/16=455

455=7%

455x100/7=6500

User Natera
by
7.8k points
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