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I REALLY NEED HELP PLEASE Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1/2 year, she had earned $5.00 in interest on the account. If no other money was
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I REALLY NEED HELP PLEASE

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1/2 year, she had earned $5.00 in interest on the account.

If no other money was deposited into or withdrawn from the account, how much was her initial deposit?

User Macaroni
by
7.7k points

2 Answers

4 votes
eight dollars was her initial deposit
1.25/2
0.625
5/0.625
User Deepak Parmar
by
8.0k points
7 votes

Answer:

The initial deposit is 800. :)

User Duefectu
by
8.4k points
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