SOLUTION: how would you find the starting amount if you only have the intest rate, time and final amount? ex: y=c(1+r)^t 400=?(1+0.042)^6
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: how would you find the starting amount if you only have the intest rate, time and final amount? ex: y=c(1+r)^t 400=?(1+0.042)^6
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 746860
:
how would you find the starting amount if you only have the intest rate, time and final amount?
ex:
y=c(1+r)^t
400=?(1+0.042)^6
Answer by
checkley79(3341)
(
Show Source
):
You can
put this solution on YOUR website!
400=?(1+0.042)^6
400=X(1.042)^6
400=X*1.28
X=400/1.28
X=$312.50 ANS.