Suppose Johnny invests $41,745 into an account, which has been earning interest for many years and he now has a total of $39,974

Question

3 years ago

11

Suppose Johnny invests $41,745 into an account, which has been earning interest for many years and he now has a total of $39,974

. In two or more sentences explain why a negative number would/wouldn’t be reasonable in the solution of the rate of the investment.

Mathematics

1 answer:

Dmitriy789 [7] · Answer 1 · 2022-08-11T18:43:55+03:00

Dmitriy789 [7]3 years ago

7 0

Answer:

A negative number would be reasonable in the solution of the rate of the investment. It would be reasonable because Johnny started out with $41,745 in his account and ended up with $39,974 which means that the rate has to be negative.

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