Rachel currently has $836 in a savings account that has earned 4. 5% annual compound interest for the past year. What was Rachel’s beginning balance one year ago if she has made no other deposits during the year?

Respuesta :

you would need to find 4.5% off of that $836 so 836 x 0.045= 37.62 now subtract that from the OG price so 836-37.62= 798.38 so one year ago her balance was $798.38