Owen's grandmother put some money into his savings account on the day he was born. Today, Owen turns 18 years old, and he's discovered that he has earned $225 in simple interest on his grandmother's money. If the yearly interest rate was 5%, how much money did his grandmother deposit at the time of his birth?
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Home » Mathematics » Owen's grandmother put some money into his savings account on the day he was born. Today, Owen turns 18 years old, and he's discovered that he has earned $225 in simple interest on his grandmother's money.