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о G Kelly opened a bank account that earns 1.2% simple interest each year. After 7 years, Kelly will earn $126 in interest. How much did Kelly deposit when she opened the account?​

User Jason Hu
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2 Answers

8 votes

Answer:

$1,512

Explanation:

1.2% of $126 = $1,512

I really dont l know if this is right but I think it is

User Yinyin
by
4.3k points
10 votes

Answer:

$15

Explanation:

Interest=principle X interest rate X the time(In this case years)

So, $126= p X 1.2% X 7

We first multiply 1.2% by 7 and get .084, then we move the decimal to places to the right and get 8.4.After that we divide $126 by 8.4 and you should get 15.So thats how I got $15 but then again I may be wrong.Hope this works for you =)

User Michael Covelli
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4.1k points