SOLUTION: An account earned $42 in interest for a deposit earning 3.5% simple interest for 270 days. What was the amount of the original deposit?

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Question 1007912: An account earned $42 in interest for a deposit earning 3.5% simple interest for 270 days. What was the amount of the original deposit?
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
Using the formula for simple interest, I = prt, we solve for p and get
p = I/rt = 42/((.035)(.75)) = $1600