Mathematics, 03.10.2021 06:00 emmaphillips2
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 9%. After 12 years, the interest earned on the account was $8,640. How much money did Mike's grandmother deposit in the account?
A.
$7,000
B.
$8,500
C.
$9,000
D.
$8,000
Answers: 1
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Mike's grandmother opened a savings account in Mike's name and deposited some money into the account...
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