Question

Jenna earned $36 in interest after saving her money for 2 years at a simple annual interest rate of 3%. How much did she originally deposit?

A. 60
B. 108
C. 216
D. 600

Answer 1

600

Explanation:

original value times 1.03^2 will equal 636 so you decide 636 by 1.03^2 and you get 600.