After five years of earning interest at an annual rate of 4% investment has earned $1200 in interest determine the amount of initial investment

Question

asked May 6, 2019 173k views

1 Answer

← Prev Question Next Question →

Ask a Question

XanderLynn · Answer 1 · 2019-05-11T04:17:00+0000

1 years= 4% then 5 years would be 20%

5 years earned 20% that means $1200

the amount of the initial investment would be 100% so just take 1200×5 and you will have the initial investment

After five years of earning interest at an annual rate of 4% investment has earned $1200 in interest determine the amount of initial investment

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions