0 votes
asked Aug 2, 2013 by Jamie
If the final balance was $670.05 and the interest rate was 5%, please reconstruct the amount of the initial investment. (Note: because of the way this formula is set up, we use "5" for percentage P, not "0.05". Also, for your check, remember that the 6th root is the (1/6) power.)

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.
Welcome to Questions and Answers, where you can ask questions and receive answers from other members of the community.