annab832 annab832

09-11-2018
Mathematics

contestada

If i have $500 in my account after 4 years inventing at 2.5% per year, how much money did I start with?
A.) Write an equation showing your work.
B.) How much money was started with.

Respuesta :

Aliwohaish12 Aliwohaish12

09-11-2018

The equation is

P=A÷(1+r)^t

P present value?

A future value 500

R interest rate 0.025

T time 4years

P=500÷(1+0.025)^(4)=452.98

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