Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in inte

Question

3 years ago

6

Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in inte

rest on the account.
If no other money was deposited into or withdrawn from the account, how much was his initial deposit?

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Mathematics

1 answer:

adelina 88 [10] · Answer 1 · 2022-01-17T21:58:15+03:00

adelina 88 [10]3 years ago

5 0

Rich deposited $293 for 2 years at 2.5% simple interest rate