makaylab:
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 No other money was deposited into or withdrawn from the account.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.
makaylab:
what do i do
Hoodmemes:
As a user already stated in your last post u wanna divide the amount earned from the percentage First u wanna turn the percentage into a decimal \[2.5\div 100= 0.025\] Then u wanna divide the earned amount by the new decimal \[14.65 \div 0.025=586\] Now,since it states to years u wanna divide 586 by 2 \[586\div 2=(blank)\]
Hoodmemes:
do u understand?
makaylab:
kinda
Hoodmemes:
there is a caculator u ca use to find your final answer
Hoodmemes:
When u have caculated it tell me
makaylab:
is it 293
Hoodmemes:
correct
makaylab:
yay i am so glad i sighned up for this
Hoodmemes:
Ha same hope u are liking it here at question cove!
makaylab:
i am
Hoodmemes:
Glad to hear
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