EM-2696
Percentages
E Math · Secondary 4 · Medium · Percentages
Mei invests a sum of money at a compound interest rate of 2.4% per year.
After 4 years, the amount in the account is \$8650.
Using the compound interest formula, calculate the amount Mei originally invested, correct to the nearest dollar.
After 4 years, the amount in the account is \$8650.
Using the compound interest formula, calculate the amount Mei originally invested, correct to the nearest dollar.
- \$7650
- \$7770
- \$7875
- \$8650
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