charliecctong charliecctong

10-07-2021
Mathematics

contestada

15. Madison invested in a certificate of deposit for 4 years at a 6% interest rate. At the end of the 4 years, the value
of the certificate of deposit was $3,100. How much did Madison deposit originally?

Respuesta :

madethisfortwitch1 madethisfortwitch1

10-07-2021

Answer:

2455.49

Step-by-step explanation:

[tex]3100=x(1+.06)^4\\x=2455.490356[/tex]

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