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Kody made a deposit into an account that earns 4% annual compound interest. After 24 months, the value of his account was $2163.20. What was the amount of Kodys initial deposit?
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Kody made a deposit into an account that earns 4% annual compound interest. After 24 months, the value of his account was $2163.20. What was the amount of Kodys initial deposit?

User Xiaodong
by
5.2k points

2 Answers

5 votes

Answer:

$1176.671

Explanation:

User Kozyarchuk
by
5.5k points
1 vote

Answer:

$1176.671

Explanation:

User Acolchagoff
by
5.7k points
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