Post a New Question

pre algebra 6th grade

posted by on .

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 - ,

    1.08x = 250
    x = 250/1.08
    x = ?

  • pre algebra 6th grade - ,

    250=x-.08x

    250=(1-.08)x
    250/(1-.08)=x
    271.73=x

  • pre algebra 6th grade - ,

    $20.00

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question