You just found out that you have $8,115 in a savings account. Your uncle opened the account in your name exactly 6 years
Posted: Sun Jun 05, 2022 4:32 pm
You just found out that you have $8,115 in a savings account. Your uncle opened the account in your name exactly 6 years ago, and deposited $X in the account. Then he put in another $3,900 four years after opening the account. Other than $X and the $3,900, there were no other deposits. If the interest rate for the past 6 years has been 11%, what is X?