Mathematics
chisline
13

Samuel deposited money in an account that pays an annual simple interest rate of 3.5%. at the end of 5 years, samuel earns $2625.00 in interest. how much money had he deposited in the account?

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(2) Answers
cottoncandygirl

He has deposited 1500 dollars into the account.

LashaunTrolinger984

P=i/rt P=2625/0.035*5 P==15,000

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