A few days ago
salomxxx

interest rate?

I have 17,012 usd. How much usd were present A few days ago if we assume a yearly growth rate of 3 percent and continous growth?

Top 1 Answers
A few days ago
Helen B

Favorite Answer

usd A few days ago = x

(x)*1.03^12 = 17,012

x=17,012/(1.03^12)

= 11,932 (nearest whole number)

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