math

Vanessa deposited money into a bank account that earned 1.25% simple interest each year. After 1/2 year, she had earned $5.00 in interest on the account.

If no other money was deposited into or withdrawn from the account, how much was her initial deposit?

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  1. I = PRT

    5 = P * 0.0125 * 0.5

    Solve for P

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    👤
    Ms. Sue
  2. 800 or 400

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  3. the answer is 800

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