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Bob has money in an investment with 1% that compounds 7 times a year. After 9 years, he has $2408.12. What was the principal investment?​

Bob has money in an investment with 1% that compounds 7 times a year. After 9 years, he has $2408.12. What was the principal investment?​
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3 votes
Bob has money in an investment with 1% that compounds 7 times a year. After 9 years, he has $2408.12. What was the principal investment?​

asked
User Alex Hill
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8.3k points

1 Answer

3 votes
the answer is 345.73
answered
User Didzis Elferts
by
7.9k points
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