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OpenStudy (anonymous):
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 13 years, the interest earned on the account was $2,340. How much money did Mike's grandmother deposit in the account? A. $3,000 B. $2,000 C. $1,000 D. $2,500
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