Question

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 years, 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 No other money was deposited into or withdrawn from the account.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?

Enter your answer in the box.

Answer 1

$\huge{ \rm{Question:}}$

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 12 years, 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 No other money was deposited into or withdrawn from the account.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?

$\huge{ \rm{Answer:}}$

Her initial deposit is $800.00

HOPE THIS HELPS^^

Answer 2

Answer:

Hello, so you said 12 you meant the fraction 1/2 but the answer is $800.00

Step-by-step explanation:

I got it right after solving on my side paper take it from me a nerd :)