Ask Question
31 August, 16:54

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.

+1
Answers (1)
  1. 31 August, 17:24
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers