emem96
18.12.2020 •
Mathematics
Skylar is going to invest in an account paying an interest rate of 3.5% compounded daily. How much would Skylar need to invest, to the nearest hundred dollars, for the value of the account to reach $670 in 10 years?
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Ответ:
$475.17
Step-by-step explanation:
Step one:
given data
rate= 3.5% = 0.035
final amount A= $670
time= 10 years
Required
The principal invest P
Step two:
A= P(1+r)^t
substitute
divide by 1.41
The invested principal is $475.17
Ответ:
The correct answer choice is B
Step-by-step explanation:
I graphed each function on the desmos calculator and answer choice B matched the graph.