Mathematics, 05.05.2020 02:26 Jack903

Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit?
a.
$2,524.50
b.
$4,024.03
c.
$4,250.00
d.
$11,404.88

Answers: 1

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More questions: Mathematics Another questions

Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit? a. $2,524.50 b. $4,024.03 c. $4,250.00 d. $11,404.88

Answers

Another question on Mathematics

Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit?
a.
$2,524.50
b.
$4,024.03
c.
$4,250.00
d.
$11,404.88