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Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest rate of 5.5%

Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest rate of 5.5%
asked 85.6k views
0 votes
Find Joe's initial principal if he had $2,145 in

interest over 4 years at an interest rate of 5.5%

asked
User Liang Xiao
by
8.5k points

2 Answers

1 vote

Answer:

see the screenshot below

Explanation:

Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest-example-1
answered
User Andrey Subbotin
by
8.6k points
6 votes
His final balance is $2,671.49.
And the total interest is $526.49
answered
User Nicholas Petersen
by
8.5k points
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