Can anyone help me with this one math question?

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

Question

Can anyone help me with this one math question?

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

anonymous · Answer

D

jasonnewstedrocks · Answer

Thanks, XdashieXPX. Curious, how did you get that answer?

anonymous · Answer

wait actionly it is B because 660X11 divided by the 3% gives u 3,000

jasonnewstedrocks · Answer

Okay, thanks. I'll give you a medal after I finish the rest of the test ^_^

anonymous · Answer

ok cool

jasonnewstedrocks · Answer

The answer was actually 2,000.. I'll give you a medal anyways. :P