hilariobarrera123 hilariobarrera123

03-11-2019
Mathematics

contestada

Find how much was invested
at each rate if $20,000 more was invested at 7%
than at 5%

what would be its equation

Respuesta :

04-11-2019

Answer:

t = Time

Step-by-step explanation:

A = X(1+.05)^t using X as the initial investment, compounded yearly

For $20000 more invested at 7%,

A' = (X+20000)(1+.07)^t

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