Register
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?
215k views
5 votes
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
by
6.1k points

1 Answer

4 votes

7280/16=455

455=7%

455x100/7=6500

User Natera
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!