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When Lauren was born 2 4 years ago, her mom opened a savings account for Lauren. The account has an interest rate of 2 %

When Lauren was born $24$ years ago, her mom opened a savings account for Lauren. The account has an interest rate of $2 % .$ Today, the account is worth $ $6, 000 .$ Assume no new money was added to the account. How much did Lauren's mom deposit in the account when it was opened?

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When Lauren was born 2 4 years ago, her mom opened a savings account for Lauren. The account has an interest rate of 2 %

When Lauren was born 24 years ago, her mom opened a savings account for Lauren. The account has an interest rate of 2%. Today, the account is worth $6,000. Assume no new money was added to the account. How much did Lauren's mom deposit in the account when it was opened?

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Recommended Textbook for

Essentials of Accounting for Governmental and Not-for-Profit Organizations

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When Lauren was born $24$ years ago, her mom opened a savings account for Lauren. The account has an interest rate of $2 % .$ Today, the account is worth $ $6, 000 .$ Assume no new money was added to the account. How much did Lauren's mom deposit in the account when it was opened?