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22 June, 15:08

Mary Moneypenny went to her bank each week and opened a club account. She deposited $21.75 per time period. If she made 12 deposits before interest was credited, how much would she have deposited before interest was credited?

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  1. 22 June, 15:37
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    Lets see step by step,

    she goes 12 times to the bank and made a deposit of $21.75 each time, therefore she have deposited:

    deposit = 12*21.75 = $261

    that is the amount she deposited before receiving any interest.
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