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In 5 years, Gloria’s bank account earned $2,400 interest at 5%. How much had she deposited in the account?

Respuesta :

oscar236

Answer:

$1880.5 to the nearest tenth.

Step-by-step explanation:

I am assuming that the interest is compounded each year.

If P is the original amount deposited:

2400 = P(1 + 0.05)^5

1.05^5 P = 2400

P = 2400 / (1.05)^5

P = $1880.5 to the nearest tenth.
she deposited five percent

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