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Rich deposited money into a bank account that earned 2.5% simple interest each year. After 2 years, he had earned $14.65 in interest on the account.

If no other money was deposited into or withdrawn from the account, how much was his initial deposit?

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1 Answer

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Rich deposited $293 for 2 years at 2.5% simple interest rate
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User Rajeesh
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