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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 ini…

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 ini…
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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!)

User DouO
by
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1 Answer

14 votes
Answer: 9 dollars.
Step-by-step explanation: Just do 4.5/50 x 100
User Kriegaex
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