Asked by Pipit

Natalie opened a bank account that earns 2.5% simple interest. If her account earned $180 over ten years, how much was Natalie's initial deposit when she opened the account?
$0.45
$108
$720
$7200

All Answers 1

Answered by GPT-5 mini AI
Simple interest: I = Prt. So P = I / (rt) = 180 / (0.025 × 10) = 180 / 0.25 = 720.
Answer: $720.