Question 160255
p(1+r)^t-p=75
p(1+.05/2)^1-p=75
p(1+.025)^1-p=75
p(1.025)-p=75
1.025p-p=75
.025p=75
p=75/.025
p=3,000is the investment amount.
Proof
3000(1+.05/2)^1-3000=75
3000*1.025-3000=75
3075-3000=75
75=75