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emmainna [20.7K]
3 years ago
12

Compound interest question :

Mathematics
1 answer:
SpyIntel [72]3 years ago
8 0
The formula is
A=p (1+r)^t
A future value 8000
P present value?
R interest rate 0.05
T time 3years
Solve the formula for p
P=A÷(1+r)^t
P=8,000÷(1+0.05)^(3)
P=6,910.70

Hope it helps!
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