What was the original principal for an 8% simple interest bank account that holds $4340 after 3 years?

The original deposited amount in the bank is $3500.

Step-by-step explanation:

Here. Let us assume the principal amount deposited in bank =  $P

The rate of interest = 8%

Total Amount in the bank after time period  =  $4340

Time Period = 3 yrs

Now, SIMPLE INTEREST

⇒ SI =

or Interest =  0.24 P

Now, AMOUNT  = PRINCIPAL + INTEREST

⇒$4340  = P +  0.24 P

or, 4340 = 1.24 P

⇒ P = 1340 / 1.24 = 3500

Hence, the deposited amount in the bank for the duration of 3 years and interest rate 8%  is $3500

step-by-step explanation:

just plug in each number for x and see which ones work and don't