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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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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

User John Kim
by
5.9k points

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.

User VuVirt
by
5.2k points
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