Question

Kelly opened a bank account that earns 1.2% simple interest each year. After 7 years, Kelly will earn $126 in interest. How much did Kelly deposit when she opened the account? HELP

Answer 1

She deposited $115.43 when she opened the account.

Explanation:

1.2% of 126 is 1.51

so every year she earns 1.51 dollars

so just subtract 1.51 from 126. 7 times then you will get your answer

Answer 2

13.4

Hope it helps that is what I think not that sure but I thing is corrwct!