Question

Toni invests money into an account which pays a fixed rate compound interest each year.

The total value, £V, of her investment after 't' years is given by the formula=1350 x 1.04t.
How much did Toney invest?
if u get this ur a genius

Answer 1

Answer: Toni invested in pounds= $1350

Step-by-step explanation:rate of compound interest=4%

Explanation:

Toni invests money into an account which pays a fixed rate of compound interest each year. The total value, £V, of her investment after t years is given by the formula:

Given equation is in the form of

where P is the amount invested

'r' is the rate of interest

t is the time taken

P= 1350 is the initial amount invested

1+r= 1.04 (subtract 1 from both sides)

multiply it by 100 to get percentage

r= 4%

I just search it bc my brain dosent work any more