Mathematics, 17.01.2021 01:40 halimomohamed
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 11%. After 11 years, the interest earned on the account was $11,000. How much money did Mike's grandmother deposit in the account?
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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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