3. Yuval earned an interest of of $120 with his bank account interest rate of 5%. What was the original amount in his bank account?

Question

3. Yuval earned an interest of of $120 with his bank account interest rate of 5%. What was the original amount in his bank account?
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Solution 1

To find the original amount in Yuval's bank account, we need to use the formula for calculating interest, which is:

Interest = Principal x Rate

In this case, we know the interest ($120) and the rate (5% or 0.05 when expressed as a decimal), and we want to find the principal (the original amount in Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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