Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in interest on the account.

No other money was deposited into or withdrawn from the account.

How much was his initial deposit?

Question

Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in interest on the account.

No other money was deposited into or withdrawn from the account.

How much was his initial deposit?

jhonyy9 · Answer

so i think than you calcule the 2,5% interest of $14,65 and multiplie it by 2 you will get the interest value of 2 years 
- and now than you subtract this interes value from $14,65 so you will get sure the money of initial deposit

hope helped understandably