reality2569 reality2569
  • 01-03-2018
  • Mathematics
contestada

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?

Respuesta :

cp9454
cp9454 cp9454
  • 01-03-2018
SI = prt/100
1440 = (p*9*8)/100
⇒p=2000

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