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No other money was deposited into or withdrawn from the account.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

Enter your answer in the box.

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No other money was deposited into or withdrawn from the account.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

Enter your answer in the box.

JonaB · Answer

i think you need to divide the money total by the percentage

JonaB · Answer

im most likely wrong

makaylab · Answer

ok

Hoodmemes · Answer

$\color{#0cbb34}{\text{Originally Posted by}}$ @JonaB
i think you need to divide the money total by the percentage
$\color{#0cbb34}{\text{End of Quote}}$
your on the right track.