1. If you put money into a savings account that earns $84.00 over seven years at a rate of 3%, how much money did you put into the account?

Hellter asked Dec 18, 2023

58,836 views

8 votes

Hellter asked Dec 18, 2023

2.4k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

14 votes

Answer:

$68.30

Explanation:

$p( {1.03}^(7) ) = 84$

p = 68.30

Mluerig answered Dec 24, 2023

3.3k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers