You deposited money in your bank for 8 years and didn't make any withdrawals. you earned $1,600. the interest rate was 8%. calculate the initial amount deposited

$2500

Step-by-step explanation:

This is a simple interest problem.  The formula is I = Prt, where I is the interest earned, P is the initial investment, r is the interest rate as a decimal, and t is the time in years.  Filling in:

1600 = P(.08)(8) and

1600 = .64P so

2500 = P

2 is the final ! : )

ruth is 6 years old

step-by-step explanation:

6 + 24 = 30,   so 6/30 = .2  

if you do 1/5 it also equals .2, so that is the answer.