Chris invested some money at a rate of 5% per year compound interest. After 2 years the value of this investment is $286.65. Calculate how much Chris invested.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Marcel Ennix asked Oct 1, 2022

515,597 views

15 votes

Chris invested some money at a rate of 5% per year compound interest.

After 2 years the value of this investment is $286.65.
Calculate how much Chris invested.

Mathematics
high-school

Marcel Ennix asked Oct 1, 2022

by Marcel Ennix

2.7k points

0 Comments

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.

Your answer

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.

1 Answer

16 votes

Explanation:

the answer is in the picture ☝️

Chris invested some money at a rate of 5% per year compound interest. After 2 years-example-1

Saulo Vallory answered Oct 5, 2022

by Saulo Vallory

3.1k points

0 Comments

Your comment on this answer:

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.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions