Gene paid a deposit on a leased car. The deposit earns 2. 8 percent simple annual interest. At the end of the year, the interest that is earned is $22. 40. What was the amount of the original deposit?.

Question

03-11-2021
SAT

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Gene paid a deposit on a leased car. The deposit earns 2. 8 percent simple annual interest. At the end of the year, the interest that is earned is $22. 40. What was the amount of the original deposit?.

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