The future amount of the current deposit given that the interest is simple and yearly is computed through the equation,
F = P x (1 + in)
where P is the principal amount, F is the future amount, i is the interest (in decimal form) and n is the number of years.
In this certain problem, we substitute the known values to the equation and solve for P,
2419.60 = P x (1 + (0.052)(1))
P = 2300
Thus, the initial investment was worth $2,300.
Answer: you said help so I’m not going to give the actual answer, just how to do it.
Step-by-step explanation:
You have to find the answer first. You work out the top and then you work out the bottom. Then divide the top by the bottom. YIU will get a number woth a power. The power is x that is your answer.
Well the line is plotted on (1,1) so that would be my answer.
I can't see the negative balance that is mentioned.
But for example it it was a -$22.00 then you would just subtract the $22.00 from $47.00.
$47.00
-$22.00
-------------
$25.00
