Question #6407577Single Choice
Algebra-1
Question
Rose invests her tax return check into an account with a compounded interest rate of 1 3/4 %. She plans on keeping the account open for 12 years. If she has $1600.87 in her account at the end of 12 years, approximately how much was her initial investment?
Options
A
$1,300
B
$1,970
C
$7,690
D
$11,000
Answer & Analysis
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