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maj0osedanie4ll maj0osedanie4ll
  • 27-02-2017
  • Mathematics
Answered

Samuel deposited money in an account that pays an annual simple interest rate of 3.5%. at the end of 5 years, samuel earns $2625.00 in interest. how much money had he deposited in the account?

Verified Answer :

Javerdabeast
Javerdabeast Javerdabeast
  • 02-03-2017

He has deposited 1500 dollars into the account.

Answer Link
Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 02-03-2017

P=i/rt
P=2625/0.035*5
P==15,000

Answer Link

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