Lilboyk36
25.10.2020 •
Mathematics
In 5 years, Gloria’s bank account earned $2,400 interest at 5%. How much had she deposited in the account?
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Ответ:
$1880.5 to the nearest tenth.
Step-by-step explanation:
I am assuming that the interest is compounded each year.
If P is the original amount deposited:
2400 = P(1 + 0.05)^5
1.05^5 P = 2400
P = 2400 / (1.05)^5
P = $1880.5 to the nearest tenth.
Ответ:
Hope I helped:D