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Chris invested some money at a rate of 5% per year compound interest. After 2 years the value of this investment is $286.65. Calculate how much Chris invested.

Chris invested some money at a rate of 5% per year compound interest. After 2 years the value of this investment is $286.65. Calculate how much Chris invested.
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Chris invested some money at a rate of 5% per year compound interest.

After 2 years the value of this investment is $286.65.
Calculate how much Chris invested.

asked
User Comforse
by
8.4k points

1 Answer

4 votes

Explanation:

the answer is in the picture ☝️

Chris invested some money at a rate of 5% per year compound interest. After 2 years-example-1
answered
User Pedreiro
by
8.2k points
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