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You earned an amount of E = 2040 $. You earned this amount as interest from placing a deposit in MMA Bank 4 years ago

You earned an amount of E = 2040 $. You earned this amount as interest from placing a deposit in MMA Bank 4 years ago with a simple interest rate of 5% per year. Calculate the amount that you placed in the MMA Bank exactly 4 years ago to earn such interest.

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