Answer:
FV= $2,041.29
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $1,500
Number of periods (n)= 7 years
Interest rate (i)= 4.5% = 0.045
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,500*(1.045^7)
FV= $2,041.29
2(4x - 7) -1 = 11
8x - 14 -1 = 11
8x - 15 = 11
+ 15 + 15
8x = 26
/8 /8
x = 3. 25 ------> Rounded: 3.30
then its 658.74 or 6.5874
A is your answer
We can cross multiply using x/70=30%/100
Solving it we get:
100x=2100 (70 times 30)
x=21
So we get a, 21 as your answer.
I hope this helped!
