Mathematics: Todd currently has $5,000. what was the value of his money four years ago if he s earned 4 percent interest each year? $4,274.02 $4,113.51 $4,109.64

Todd currently has $5,000. what was the value - id50003471252, roxanneee2145

Ответ:

tusharchandler124

08.01.2022

Mathematics

$4,274.02

Step-by-step explanation:

Given: The amount Todd has currently (P) = $5,000

The rate of interest (r) = 4%=0.04

Let the amount of money he has four years ago be x.

The formula to calculate compound amount after x years is given by :-

$A=P(1+r)^x\\\\\Rightarrow\$5,000=P(1+0.04)^4\\\\\Rightarrow\$5,000=P(1.04)^4\\\\\Rightarrow\$5,000=P(1.16985856)\\\\\Rightarrow P=\frac{\$5,000}{1.16985856}=\$4274.02095515\approx\$4,274.02$

Hence, the amount of money he has four years ago = $4,274.02

0,0(0 оценок)

Ответ:

becca3539

17.01.2023

Mathematics

Lawrence was incorrect.

Step-by-step explanation:

Amy: 2(3x) +2(4x + 3)

= 14x + 6 ✓

Kaye: 3x + 3x + 4x + 3 + 4x + 3

= 14x + 6 ✓

Lawrence: 4(3x) + 2(4x)

= 20x Ø

Sufjan: 6 + 3x + 3x + 4x + 4x

14x + 6 ✓

0,0(0 оценок)

Todd currently has $5,000. what was the value of his money four years ago if he's earned 4 percent interest each year? $4,274.02 $4,113.51 $4,109.64

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