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27 March, 20:58

If i have $500 in my account after 4 years inventing at 2.5% per year, how much money did I start with?

A.) Write an equation showing your work.

B.) How much money was started with.

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  1. 27 March, 21:01
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    The equation is

    P=A: (1+r) ^t

    P present value?

    A future value 500

    R interest rate 0.025

    T time 4years

    P=500: (1+0.025) ^ (4) = 452.98
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