Ask Question
28 April, 08:55

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.

+4
Answers (1)
  1. 28 April, 09:17
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers