Answer:
Initial deposit P = 4,801 (Approx.)
Step-by-step explanation:
Given:
Amount after 4 year = 5,300
Number of year = 4 year
Rate = 2.5% = 0.025
Find:
Initial deposit
Computation:
A = P[1+r]ⁿ
5,300 = P[1+0.025]⁴
5,300 = P[1.025]⁴
5,300 = P[1.1038]
Initial deposit P = 4,801 (Approx.)
$141, this is because 235 divide by 10 is 23.5, multiply 23.5 by 6 and your answer is $141
Answer:
An equation
Step-by-step explanation:
