Question

Safiya deposited money into a bank account that earned 6.5% simple interest each year. After 3 1/2 years, she had earned $36.40 in interest on the account. No other money was deposited into or withdrawn from the account.

How much was her initial deposit?

Answer 1

$1,792

Explanation:

3 1/2×36.40=116.48

116.48÷6.5%=1,792

$1,792