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OpenStudy (sissyedgar):
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 12 years, the interest earned on the account was $720. How much money did Mike's grandmother deposit in the account? A. $2,000 B. $3,000 C. $2,500 D. $1,000
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OpenStudy (fortisdea13):
A. 2,000
OpenStudy (sissyedgar):
I KINDA THOUGHT SO!
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