zcahill9445 zcahill9445

15-11-2021
Mathematics

contestada

Certain amount is invested at 7% annual simple interest, and after 11 years, it investment is worth $51,153.00 dollars. How much was the initial investement? $. Round to 2 decimal places

Respuesta :

abuck786 abuck786

15-11-2021

Answer: 39387.81

Step-by-step explanation:

7%=0.07

11years=132months = 132/12

$51,132

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