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Rassan invests a sum of money in a savings account, with an interest rate of 4%. After 3 years, the balance reaches $1799.78. What is the amount of the initial investment? Round…

Rassan invests a sum of money in a savings account, with an interest rate of 4%. After 3 years, the balance reaches $1799.78. What is the amount of the initial investment? Round…
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16 votes
Rassan invests a sum of money in a savings account, with an interest rate of 4%. After 3 years, the balance reaches $1799.78. What is the amount of the initial investment? Round to the nearest whole dollar.

User Vallard
by
7.7k points

1 Answer

10 votes

Answer:

I believe it is $1,607 hope it helps

User Rodrigo Rivera
by
7.7k points
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