document.write( "Question 1110708: how much was deposited if the bank paid jane seven hundred naira interest after two years at the rate of 5% per annum ? \n" ); document.write( "
Algebra.Com's Answer #725739 by greenestamps(13198)\"\" \"About 
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\n" ); document.write( "Although not specified, the statement of the problem seems to imply simple interest rather than compound interest. So

\n" ); document.write( "\"I+=+prt\"
\n" ); document.write( "\"700+=+p%28.05%29%282%29\"
\n" ); document.write( "\"700+=+0.1p\"
\n" ); document.write( "\"7000+=+p\"

\n" ); document.write( "The amount deposited was 7000 naira.
\n" ); document.write( "
\n" );