Ask Question
21 July, 03:21

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.

+4
Answers (1)
  1. 21 July, 06:54
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers