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Over a period of four and half years an investment grows to $ 2 0 , 0 0 0 . ( a ) If money
Over a period of four and half years an investment grows to $a If money in this investment accummlated at a simple interest rate of what was the initial amount for the investment? b If money in this investment accumulated at a compound interest rate of per year, what was the initial amount for the investment?
Over a period of four and half years an investment grows to $a If money in this investment accummlated at a simple interest rate of what was the initial amount for the investment? b If money in this investment accumulated at a compound interest rate of per year, what was the initial amount for the investment?
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