Homework Help: pre algebra 6th grade

Posted by Suzanne on Tuesday, December 7, 2010 at 9:15pm.

Tara's bank account contains $250.00. She made only one deposit exactly one year ago. The bank account pays a simple interest rate of 8%. How much money did Tara deposit in the account one year ago?

pre algebra 6th grade - Ms. Sue, Tuesday, December 7, 2010 at 9:17pm
1.08x = 250
x = 250/1.08
x = ?
pre algebra 6th grade - Bob, Tuesday, December 7, 2010 at 9:20pm
250=x-.08x

250=(1-.08)x
250/(1-.08)=x
271.73=x
pre algebra 6th grade - Pogi, Saturday, December 11, 2010 at 5:17pm
$20.00

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