Answer:
$27,522.94-
Explanation:
We are given with the final amont and we need to find the principal
the principal at 9% for 1 year reach 30,000
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
[tex]\frac{Amount}{(1 + rate)^{time} } = Principal[/tex]
[tex]\frac{30,000}{(1 + 0.09)^{1} } = Principal[/tex]
30,000/1.09 = Principal
27,522.9357
If we deposit 27,522.94 at 9% per year in one year we have 30,000
