Jenna earned $36 in interest after saving her money for 2 years at a simple annual interest rate of 3%. How much did she originally deposit? A. 60 B. 108 C. 216 D. 600

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asked Sep 4, 2019 192k views

2 votes

Jenna earned $36 in interest after saving her money for 2 years at a simple annual interest rate of 3%. How much did she originally deposit?

A. 60
B. 108
C. 216
D. 600

Mathematics
middle-school

John Kim asked

by John Kim

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1 Answer

3 votes

Answer:

600

Explanation:

original value times 1.03^2 will equal 636 so you decide 636 by 1.03^2 and you get 600.

VuVirt answered Sep 8, 2019

by VuVirt

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