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Answer:
$4026.52
Step-by-step explanation:
Given data
rate= 5%
time= 3years
A=$4630.50
P=?
we know that
A=P(1+rt)
$4630.50=P(1+0.05*3)
$4630.50=P(1+0.15)
$4630.50=P(1.15)
P=4630.50/1.15
P=$4026.52
The intitial amount is $4026.52
Answer:
2194.8
First, 124 times 2.95 then you get 365.8 and finally you multiply by 6 and get you answer.
