Mathematics, 04.04.2021 09:40 elisaalonso8805
Daniel deposits a certain sum of money in a bank. If the simple interest rate of the bank decreases from 3.75% per annum to 3.5% per annum, Daniel's interest will increases by $50 in a year. Find the sum of money he deposits. The answer is $20000 but I don't understand how. Please give a step-by-step explanation.
Answers: 2
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Daniel deposits a certain sum of money in a bank. If the simple interest rate of the bank decreases...
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