Thread: Find the initial investment?

Captinblack invested some money at 10% compounded quarterly at the end of three years his investmenthad grown to $2488.05. Find the initial investment. My answer is $1850.00 thanks for checking.

Greetings Kwtolley:

I have but one word to utter in response to your work here today...Perfect!

Enjoy,

Rich B.

Hello, kwtolley!

Captain Blackbeard invested some money at 10% compounded quarterly.
At the end of three years his investmenthad grown to $2488.05.
Find the initial investment.

My answer is $1850.00

I assume you used a variation of : .

Then: .

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

It's hard to see your work from here . . .

It looks like you played the instead of the .

Then you transposed to the key of instead of .

Lucky for you, the two errors canceled out.

So most of my answers from yesterday are right. or some are right. thanks fo looking at my answers.