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Kryger [21]
3 years ago
7

Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual

simple interest rate of 9%. After 8 years, the interest earned on the account was $1,440. How much money did Mike's grandmother deposit in the account?
Mathematics
1 answer:
Snowcat [4.5K]3 years ago
7 0
SI = prt/100
1440 = (p*9*8)/100
⇒p=2000

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