Question

Your mom opened a college fund for you when you were born. The fund had an annual interest rate of 2.5%. When you turned 18, the account had earned $4,275 in interest. What was the amount your mom deposited when you were born?

Answer 1

9500

Explanation:

Answer 2

set up the equation like this
4,275= x (1.025)∧18
then solve for the answer
The answer should be $2740.98, but you should double check.