Question

todd curently has 5,000 what was the value of his money four years ago if hes earned 4% interest each year

Answer 1

A(t)  = P (1+rt)

5000 = P ( 1 + 0.04 *4)

5000 = P (1.16)

P = 4310.34

Answer 2

I’m taking this on Plato and the answer is 4,274.02 I just got the question right