Fred has a savings account balance of $1,728.57. the interest rate on the account is 3.4% compounded daily. if he opened the account nine years ago, what was the value of his initial deposit? (2 points) $1,272.91 $1,670.79 $508.40 $1,508.78

we are given

amount is $1,728.57

so,

the account is 3.4% compounded daily

so,

If he opened the account nine years ago

so,

Let's assume

initial deposit is P

now, we can use formula

now, we can plug values

now, we can solve for P

so,

initial deposit is $1272.91.........Answer

answer: 270

step-by-step explanation:

you have to times 200 by 1.35 to get your answer

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step-by-step explanation:

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