Ask Question
27 August, 08:37

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 6%. After 9 years, the interest earned on the account was $3,780. How much money did Mike's grandmother deposit in the account?

A. $7,500

B. $8,000

C. $7,000

D. $6,000

+5
Answers (1)
  1. 27 August, 09:48
    0
    I = p r t 3780 = ?.06 time 9 3780 = ?.54 3780 divide by. 54 Equal to 7,000 The answer is c
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mike's grandmother opened a savings account in Mike's name and deposited some money into the account. The account pays an annual simple ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers