ruthd113
25.04.2020 •
Mathematics
And investment is gaining money at a rate of 8% per year and has a value of $10,500. Find the value of the investment 10 years ago. Round your answer to the nearest dollar.
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Ответ:
Step-by-step explanation:
Given
Initial value = xInterest rate = 8% = 0.08Time = 10 yearsFinal amount = $10500At simple rate
x + x*0.08*10 = 10500x + 8x = 105009x = 10500x = 10500/9x = 1166.66x = 1167 rounded to the nearest dollarОтвет:
Check the picture below.
make sure your calculator is in Degree mode.