tasiaramage tasiaramage

12-03-2021
Mathematics

contestada

VE
If Joel will need $5,000 to buy a car in two years, then how much will he need to deposit now
(rounded to the nearest dollar) if his savings account pays an annual 10% simple interest?

Respuesta :

12-03-2021

Answer:

$4167

Step-by-step explanation:

Original Amount: $4167 (rounded)

First Year: $4167 + $416.7 = $4583.7

Second Year $4583.7 + $416.7 = 5000.4

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