Answered

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Susan has an investment account which compounds interest annually at a rate of 3.2%. After 6 years, she has 86125 in the
account. How much money did she initially place in the account? Round your answer to the nearest whole number. Do not
include a s in your answer.
Provide your answer below:

Sagot :

Panjiyardipesh123idn

Answer:

10610

Step-by-step explanation:

Given,

T=6years

R=3.2%

A=86125

Now,

CA=P[1+R/10]^T

or,P=86125/[1+3.2/10]^6

=86125/5.29

=10610

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