Sebastian deposited money into an account in which interest is compounded monthly at a rate of 2.3% how much did he deposit if the total amount in his account after 5 years was $2123.47, and he made no other deposits or withdrawals. a.$1879. b.$1893. c.$2055. d.$2075.

Use the attached formula,

Principal = 2,123.47 / (1+ (.023/12))^12*5
Principal = 2,123.47 / 1.0019166667 ^ 60
Principal = 2,123.47 / 1.1217499623
Principal = 1892.9976120547
Principal = 1893.00 (rounded)

answer is B

Answer for 2: his profit would be $2.88 explanation: you have to first multiply 72 and 0.12 together to get $8.64 once you do that you know how much money the shopkeeper made from selling the candy bars individually. so you have to do 8.64-5.76=2.88 hope that ; )answer for 3: yeah i’m sorry i have no idea what number 3 is. i’m sorry i couldn’t with that.