Four years ago After opening an account that paid simple interest of 6.75% annually, a depositor withdrew $3,780 in interest earned. How much money was left in this account
Sounds like this should be: Four years ago After after opening an account that paid simple interest of 6.75% annually,
a depositor withdrew $3,780 in interest earned. How much money was left in this account
Invested amount/Principal or
If after 4 years, earned interest of $3,780 was withdrawn. It's quite OBVIOUS what would be left in the account!
Think aboout it!
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**BTW: He's WRONG! It's NOT $10,220.
Then again, most times he is. You should think about this, and APPLY sheer common sense to determine the TRUE remaining account balance!