3 years ago

If a man earns $420 interest in one year at 7%, what was the amount of money invested?

Mathematics

1 answer:

baherus [9]3 years ago

4 0

Answer:

6,000

Step-by-step explanation:

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Step-by-step explanation:

We have been given that you deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly.

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$C_0=\text{Initial amount}$ ,

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n = Number of periods.

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