Question

when signing the lease for her new apartment, tanya paid a security deposit that earned 4% simple annual interest. At the end of the year, the interest earned on the security deposite was 17.50. How much was the security deposit?

Answer 1

Hello Shelbyhall, simply you would multiply 17.50 * 25 because 4 * 25 = 100%. Answer: 437.5 is the other 96%

Answer 2

Hello Shelbyhall, simply you would multiply 17.50 * 25 because 4 * 25 = 100%. Answer: 437.5 is the other 96% :)