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

Question

3 years ago

8

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 3%. After 11 years, the interest earned on the account was $660. How much money did Mike's grandmother deposit in the account?
A.
$2,000
B.
$3,000
C.
$2,500
D.
$1,000

Mathematics

1 answer:

natulia [17] · Answer 1 · 2022-06-25T15:34:05+03:00

natulia [17]3 years ago

4 0

Answer: My best guess is a, but i would look into it more.

Step-by-step explanation: