Question

Alyssa opened a bank account that earns 1.5% simple interest. Over 4 years, she earned $72 in interest. How much money did
she initially deposit into the bank account?

Answer 1

Answer:

1200

Step-by-step explanation:

72/4=$18 interest each year

amount x interest rate = interest

amount x .015 = 18

amount = 18/.015

amount = 1200