3 years ago

Final Amount 10,400

Mathematics

2 answers:

soldi70 [24.7K]3 years ago

8 0

Answer:

$9629.63

Step-by-step explanation:

I assume this is simple interest.

The formula for simple interest is

F = P(rt + 1)

where F = future value,

P = present value

r = annual interest rate

t = number of years

10,400 = P(0.02 × 4 + 1)

10,400 = 1.08P

10,400/1.08 = P

9,629.63 = P

Answer: $9629.63

Sedaia [141]3 years ago

3 0

$9629.63 will be the correct answer.

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