If you earn $3500 over 10 years on an investment that pays 5.3% compounded annually what was the principal amount you started with

Amount , A= $3500

Time , t= 3 years

rate , r= 5.3% = 0.053

Compounded annually , n= 1

The formula we use here is

Now let's plug the values

Divide both sides by 1.67603742459

We get

P = $2088.258859

It means started with approx $2088.26

true statements:

a) x + y = y + x   ⇒ commutative property of addition

b) (x * y) * z = x * (y * z) ⇒ associative property of multiplication

d) (x + y) + z = x + (y + z) ⇒ associative property of addition

false statements:

c) x - y = y - x   should be: x - y = - y + x

e) (x - y) - z = x - (y - z) should be: (x - y) - z = x - (y + z)

step-by-step explanation:

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step-by-step explanation: