ECONOMICS
COMPOUND INTEREST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Rosa invests her tax return check into an account with a compounded interest rate of 1 3/4 %. She plans on keeping the account open for 12 years. If she has $1600.87 in her account at the end of 12 years, approximately how much was her initial investment?
|
|
$1, 300
|
|
|
$1, 970
|
|
|
$7, 690
|
|
|
$11, 000
|
Explanation:
There is 1 question to complete.