The future amount of the current deposit given that the interest is simple and yearly is computed through the equation,
F = P x (1 + in)
where P is the principal amount, F is the future amount, i is the interest (in decimal form) and n is the number of years.
In this certain problem, we substitute the known values to the equation and solve for P,
2419.60 = P x (1 + (0.052)(1))
P = 2300
Thus, the initial investment was worth $2,300.
Answer:
105.495%
Step-by-step explanation:
210.99/200=1.05495
200 * 1.05495 = 210.99
Answer:
G
Step-by-step explanation:
9+(-3) = 6
Answer:
The correct choices are; B,C,E, and F.
Step-by-step explanation:
The given equation is;
We solve for m to obtain:
We also solve the remaining equations to see which ones give the same result.
A: 
B:
C:
D: 
E: 
F: 
The equivalent equations are; B,C,E, and F.
