At Mr. Neely bank, the interest rate offered to clients is 4.5% annually. If after three years at the bank he has earned $50 in interest, approximately how much money did he initially deposit? (Round your answer to the nearest dollar!)

Question

06-03-2021
Mathematics

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At Mr. Neely bank, the interest rate offered to clients is 4.5% annually. If after three years at the bank he has earned $50 in interest, approximately how much money did he initially deposit? (Round your answer to the nearest dollar!)

Sagot :

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