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antoniya [11.8K]
3 years ago
6

Help plsss 10 points

Mathematics
1 answer:
Artemon [7]3 years ago
7 0
The answer is 3.....
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GRADE 11 MATH
Romashka-Z-Leto [24]

The amount that was invested 17 years ago is $2064.25.

The interest earned is  $7935.75.

<h3>What is the amount invested 17 years ago?</h3>

The formula that would used to determine the amount that was invested 17 years ago is:

P = FV / (1 + r)^nm

Where:

  • FV = Future value = 10,000
  • P = Present value
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  • m = number of compounding = 2
  • N = number of years = 17

10,000 / (1.0475)^(17 x 2) = $2064.25

Interest earned = 10,000 - 2064.25 = $7935.75

To learn more about future value, please check: brainly.com/question/18760477

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