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  • 13-11-2021
  • Mathematics
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29 years ago, James put some money into a savings account with 8% interest compounded quarterly (4 times a year). He just remembered it and saw that there was now $7328 in it. Find the original amount he invested.

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pcai26
pcai26 pcai26
  • 13-11-2021

Answer:

$0.97

Step-by-step explanation:

7328*100/108^(4*29)

a bunch of math later, with rounding...

0.97

*note-may be wrong

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