An expression is shown. 57.9×0.086 What is the value of the expression?
1 answer:
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Answer:
2468.11 dollars
Step-by-step explanation:
Amount that should be available after four years =3000 $
Interest rate = 5%
No of years =4
Let P be the principal invested
Then
Hence 2468.11 dollars should be deposited to get 3000 dollars after 4 years at 5% interest.