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No other money was deposited into or withdrawn from the account.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

Answer 1

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

Answer 2

im most likely wrong

Answer 3

ok

Answer 4

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