Respuesta :
First we want to find the amount that will be worth 20.7 after one year and 23.81 after two years
So I assume that
Y =p (1.15)^x
Where
Y 20.7
P ?
X 1 year
20.7=p (1.15)^1
Solve for p
P=20.7÷1.15
P=18
The answer is
Y=18 (1.15)^x
So I assume that
Y =p (1.15)^x
Where
Y 20.7
P ?
X 1 year
20.7=p (1.15)^1
Solve for p
P=20.7÷1.15
P=18
The answer is
Y=18 (1.15)^x