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brianacanales08 brianacanales08
  • 27-02-2017
  • Mathematics
Answered

todd curently has 5,000 what was the value of his money four years ago if hes earned 4% interest each year

Verified Answer :

andriansp andriansp
  • 06-03-2017

A(t)  = P (1+rt)

5000 = P ( 1 + 0.04 *4)

5000 = P (1.16)

P = 4310.34

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savage285668
savage285668 savage285668
  • 01-10-2018

I’m taking this on Plato and the answer is 4,274.02 I just got the question right

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