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Consuelo deposited an amount of money in a saving account tha earned 6.3% simple interest. After 20 years, she earned $5,922 in interest. What was her initial deposit? Use the simple interest formula I
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Consuelo deposited an amount of money in a saving account tha earned 6.3% simple interest. After 20 years, she earned $5,922 in interest. What was her initial deposit? Use the simple interest formula I = P r t

User PriorityMark
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1 Answer

4 votes

Answer:

5922=Px6.3%x20

5922=Px1.26

P=5922/1.26

P=4700

Explanation:

User Charles Jr
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