missaleen00 missaleen00

13-04-2017
Mathematics

contestada

Aileen deposited money into an account in which interest is compounded semiannually at a rate of 2.1%. How much did she deposit if the total amount in her account after 3 years was $3952.08, and she made no other deposits or withdrawals?

a) $3489
b) $3562
c) $3712
d) $3751

Respuesta :

Aliwohaish12 Aliwohaish12

13-04-2017

3952.08=p(1+0.021/2)^6
Solve for p
P=3712

Answer Link

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