Ask Question
7 November, 12:25

Enrique earned $101.40 in interest over 6 years in a savings account that pays 1.3 % simple interest per year. how much did Enrique originally deposit?

+5
Answers (1)
  1. 7 November, 12:27
    0
    Simple interest, I = 101.40

    Time, t = 6 years

    interest, i = 1.3%

    Interest, I=Pit, rearrange

    Principal, P=I / (it) = 101.40 / (6*0.013) = 1300
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Enrique earned $101.40 in interest over 6 years in a savings account that pays 1.3 % simple interest per year. how much did Enrique ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers