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5 November, 04:11

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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  1. 5 November, 04:19
    0
    He has deposited 1500 dollars into the account.
  2. 5 November, 08:10
    0
    P=i/rt

    P=2625/0.035*5

    P==15,000
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