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Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest rate of 5.5%
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8 votes
8 votes
Find Joe's initial principal if he had $2,145 in

interest over 4 years at an interest rate of 5.5%

User Don Wilson
by
2.5k points

2 Answers

29 votes
29 votes

Answer:

see the screenshot below

Explanation:

Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest-example-1
User Rafalmag
by
3.2k points
20 votes
20 votes
His final balance is $2,671.49.
And the total interest is $526.49
User Elton Saunders
by
3.0k points
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