If, at the end of two years, a savings account has a balance of $1,172.60, and the interest rate is compounded monthly at 3.2%, then what is the original amount deposited two years ago?

$1101

Step-by-step explanation:

Given data

A= $1,172.60

R= 3.2 = 0.032

t= 2

The expression for compound interest is

A= P(1+r)^t

Substitute

1172.60=P(1+0.032)^2

1172.60=P(1.032)^2

1172.60=P1.065

Divide both sides by 1.065

1172.60/1.065= P

P=$1101

Hence the original amount is $1101

spinning a 1, 2, or 3. option d.

step-by-step explanation: when spinning a number graph up to 4, and aiming for any number less than 3, that automatically eliminates the number 4. now you have two numbers to spin on that are less than 3, but the number 3 is included in this question because it's no greater of an number than itself. i hope this you : )