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

Question

3 years ago

10

account had earned $4,275 in interest. What was the amount your mom deposited when you were born?

2 answers:

juin [17] · Answer 1 · 2022-01-25T05:04:09+03:00

juin [17]3 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] · Answer 2 · 2022-01-25T06:23:51+03:00

Eva8 [605]3 years ago

4 0

Answer

9500

Step-by-step explanation: