Marvin used the money he received from high school graduation gifts to start a new
savings account with a simple interest rate of
7.5%. After 12 years, the account had
earned $288. If there were no other deposits
or withdrawals, what was the original
amount placed in the account?
A. $240
B. $275
C. $320
D. $360

Correct choice: C. $320

Step-by-step explanation:

Simple Interest

Definition: Interest calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

I=P.r.t

Where:

I=Interest

P=initial principal balance

r=interest rate

t=time

Marving is saving money in a savings account with a simple interest rate of r=7.5%=0.075. It's known that after t=12 years, the account had earned $288 interest. Substituting in the formula:

288 = P*0.075*12

Calculating:

288 = 0.9P

Dividing by 0.9:

P = $320

Correct choice: C. $320

a; x = 0.5

step-by-step explanation:

-10x = -5

x = 0.5

javeir earned 56 dollors more than kyle so kyle and javier had 14w but javier made 56 dollors more so 14w plus 56 equals 70w so kyle has 14w

step-by-step explanation: hope i plz give me brainliest with the points so this is not constant cause it says last week so its clearly not every week