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Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest rate of 5.5%
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Find Joe's initial principal if he had $2,145 in

interest over 4 years at an interest rate of 5.5%

User Liang Xiao
by
4.9k points

2 Answers

1 vote

Answer:

see the screenshot below

Explanation:

Find Joe's initial principal if he had $2,145 in interest over 4 years at an interest-example-1
User Andrey Subbotin
by
5.0k points
6 votes
His final balance is $2,671.49.
And the total interest is $526.49
User Nicholas Petersen
by
5.6k points
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