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ASAP NEEEEED HELLLLLLLLLP PLZZZ
After five years of earning interest at an annual rate of 4%, an investment has earned $1,200 in interest. Determine the amount of the initial investment. Show all work for full credit.

Respuesta :

mozarth11
t = 5 a
i = 4% aa
j = 1200
c = ...
j = cit/100
c = 100j / it
c = 100*1200 / 4*5
c = 120000 / 20
c = 12000/2
c = 6000

montante

M = c+j
M = 6000+1200
M = 7200

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