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Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 year, she had earned $5.00 in interest on the account. No other money was depos…

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 year, she had earned $5.00 in interest on the account. No other money was depos…
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Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 year, she had earned $5.00 in interest on the account. No other money was deposited into or withdrawn from the account.

How much was her initial deposit?

asked
User Wundwin Born
by
8.3k points

1 Answer

8 votes

Answer: 800$ is the answer.

multiply to by both sides, remove 1/2.

Have a blessed day.

answered
User Jalanb
by
7.5k points
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