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Ksenya-84 [330]
4 years ago
10

Your mom opened a college fund for you when you were born. The fund had an annual interest rate of 2.5%. When you turned 18, the

account had earned $4,275 in interest. What was the amount your mom deposited when you were born?
Mathematics
2 answers:
juin [17]4 years ago
6 0
Set up the equation like this
4,275= x (1.025)∧18
then solve for the answer 
The answer should be $2740.98, but you should double check. 
Eva8 [605]4 years ago
4 0

Answer

9500

Step-by-step explanation:

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