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katen-ka-za [31]
3 years ago
6

Miranda wants to give her 14-year-old daughter $20,000 when she turns 18. How much does she need to put in the bank now if the i

nterest rate is 10 percent per year? A:$12,418.43 B:$13,660.27 C:$15,026.30
Mathematics
1 answer:
hodyreva [135]3 years ago
8 0
x × 1.1 × 1.1 × 1.1 × 1.1 = 20,000

x × 1.4641 = 20,000

x= \frac{20,000}{1.4641}

x = $13660.27
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