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maria [59]
3 years ago
14

Rachel currently has $836 in a savings account that has earned 4. 5% annual compound interest for the past year. What was Rachel

’s beginning balance one year ago if she has made no other deposits during the year?
Mathematics
1 answer:
prohojiy [21]3 years ago
6 0
You would need to find 4.5% off of that $836 so 836 x 0.045= 37.62 now subtract that from the OG price so 836-37.62= 798.38 so one year ago her balance was $798.38
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