Question

Liam opened a savings account and deposited $6000. The account earns 5% percent in interest annually. He makes no further deposits and does not withdraw any money.

What is the initial value?

Answer 1

Answer: $6000

Explanation:

The initial value will be what the person deposits before the interest. Because Liam deposited $6000 the initial value would be $6000.

Hope this helps!