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Katyanochek1 [597]
3 years ago
9

Armen received $2000 as an interest for term deposit of 2 years. How much money did he deposit, if the annual interest was 8%?

Mathematics
1 answer:
suter [353]3 years ago
3 0

Answer: $12,500

Step-by-step explanation:

We want to find how much he deposited annually, so we divide 2000 by 2 to get 1000 for 1 year. 1000 is 8 percent of what we need to find, so if we multiply 1000 by 100/8, we get $12,500 as our answer.

pls mark as brainliest

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