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After 3 years, Ms. Diaz has earned $231.00 in interest in a savings account with an interest rate of 3.5%. How much did Ms. Diaz deposit into the account 3 years ago?

After 3 years, Ms. Diaz has earned $231.00 in interest in a savings account with an interest rate of 3.5%. How much did Ms. Diaz deposit into the account 3 years ago?
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After 3 years, Ms. Diaz has earned $231.00 in interest in a savings account with an interest rate of 3.5%. How much did Ms. Diaz deposit into the account 3 years ago?

User Mohan Govindasamy
by
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1 Answer

6 votes
$6,600 was in the account 3 years ago.

$231/0.035 = $6,600
User Nate Whittaker
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