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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. If no other money was deposited into or withdrawn from the account, how much was her initial deposit?

1 Answer

5 votes
The answer is 160.00.
Safiya deposited money into a bank account that earned 6.5% simple interest each year-example-1
User Kheya
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