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

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

User Ronak Agrawal
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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
User XanderLynn
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