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telo118 [61]
4 years ago
15

You deposit $700 in an account paying 7.7% simple interest. Find the future value of the investment after 2 years. (Enter a numb

er. Round your answer to two decimal places.)
Mathematics
1 answer:
Luda [366]4 years ago
5 0

Answer: The future value of the investment after 2 years is $807.8

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents the principal or amount invested.

R represents interest rate

T represents time in years

I = interest after t years

From the information given

T = 2 years

P = $700

R = 7.7%

Therefore

I = (700 × 7.7 × 2)/100

I = 10780/100

I = 107.8

The total amount in the account after 2 years would be

700 + 107.8 = $807.8

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Step-by-step explanation:

We are given a point and slope of a line. Using point slope form formula to find the equation of line and match the correct option.

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7 0
3 years ago
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Rate of work done by new machine = \dfrac{1}{2}

Let 't' be the time taken by both of them working together , then we have the following equation:-

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4 years ago
Change 1/50 to a decimal
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