Mathematics, 22.04.2021 21:10 MathChic68
A business has a savings account that earns a 3% annual interest rate. At the end of 1996, the business had $4,000 in the account. The
formula F
is used to determine the amount in the savings account.
100
. F is the final amount
p is the initial investment amount,
. is the annual interest rate, and
• fis the time in years.
To the nearest dollar, how much did the business initially invest in 1991?
Answers: 2
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A business has a savings account that earns a 3% annual interest rate. At the end of 1996, the busin...
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