hopewy101
contestada

After five years of earning interest at an annual rate of 4% investment has earned $1200 in interest determine the amount of initial investment

Respuesta :

pokemonman2005p6o2r9
1 years= 4% then 5 years would be 20%

5 years earned 20% that means $1200

the amount of the initial investment would be 100% so just take 1200×5  and you will have the initial investment