Inez opens a savings account with $2,400. The account pays her 2.4% annual simple interest.

Question

Philip

Mathematics

4 April, 02:47

Inez opens a savings account with $2,400. The account pays her 2.4% annual simple interest.

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Answers (2)

Know the Answer?

Taliyah Luna · Answer 1

25.00 dollars back

Jadiel · Answer 2

Answer: $2,500

Step-by-step explanation:

Marlon's parents set aside an amount of money when he was born. They earned 6.25% simple interest on that money each year. When Marlon was 18, the account had earned $2,812.50 in interest. How much money did Marlon's parents set aside when he was born?