when invested at an annual interest rate of 4.7%an account earned 1,290.33 of a simple interest in 3 years. how much money was originally invested?

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Arts

Peyton Lutz

7 December, 00:29

when invested at an annual interest rate of 4.7%an account earned 1,290.33 of a simple interest in 3 years. how much money was originally invested?

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Answers (1)

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Liberty Cooley · Answer 1

1108.39$ i the account

Explanation:

first put the fraction into decimal form (0.047) then multiply 1290.33 by the decimal = 60.64 then multiply that by 3 = 181.93 Then subtract that number from the account balance to get 1108.39$