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3 years ago

If the interest earned on an account after 7 years at 6% is $1785 ,what is the initial value

Mathematics

1 answer:

gayaneshka [121]3 years ago

8 0

Answer:

$4250

Step-by-step explanation:

i = prt

p = i / rt

where,

i = $1,785

r = 6% = 0.06

t = 7 years

So, we can calculate initial vale by putting the values in above equation;

p = $1,785 / (0.06 x 7)

p = $1,785 / 0.42

p = $4,250

Hence the initial value will be $4250

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