SOLUTION: i dont get how to do this problem step by step the problem is: how much was deposited, if you received simple interest of $75 after one year from a 5% savings account?

SOLUTION: i dont get how to do this problem step by step the problem is: how much was deposited, if you received simple interest of $75 after one year from a 5% savings account?

Algebra.Com

Question 443742: i dont get how to do this problem step by step the problem is: how much was deposited, if you received simple interest of $75 after one year from a 5% savings account?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
.05x=75
x=75/.05=$1500.00..
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