Mathematics, 09.11.2019 13:31 james828

Mike's grandmother opened a savings account in mike's name and deposited some money into the account. the account pays an annual simple interest rate of 7%. after 11 years, the interest earned on the account was $4,620. how much money did mike's grandmother deposit in the account?
$6,000
$6,500
$7,000
$5,000

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