Melissa notes that her savings account earned $56.37 in nine months. If the interest for her account is 3.5%, what was her principal? The principal was $ (Round to the nearest cent.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
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Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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Melissa notes that her savings account earned $56.37 in
nine months. If the interest for her account is 3.5%, what
was her principal?
The principal was $
(Round to the nearest cent.)
Transcribed Image Text:Melissa notes that her savings account earned $56.37 in nine months. If the interest for her account is 3.5%, what was her principal? The principal was $ (Round to the nearest cent.)
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