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question archive Your mom opened a college fund for you when you were born

Your mom opened a college fund for you when you were born

Subject:MathPrice: Bought3

Your mom opened a college fund for you when you were born. The fund had an annual interest rate of 2.5%. When you turned 18, the account had earned $4,275 in interest. What was the amount your mom deposited when you were born? Use the formula: I = Prt.

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