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Sadie is going to invest in an account paying an interest rate of 3.1% compounded annually. How much would Sadie need to invest, to the nearest hundred dollars, for the value of the account to reach $1,
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18 votes
Sadie is going to invest in an account paying an interest rate of 3.1% compounded

annually. How much would Sadie need to invest, to the nearest hundred dollars, for
the value of the account to reach $1,030 in 16 years?

User Miedwar
by
4.2k points

1 Answer

10 votes

Answer:

600

Explanation:

math

User Seddikomar
by
5.3k points
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