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
This is Right answer....
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Answer: 130 miles
Explanation: make an equation. 24 + 0.10m = 37.00. subtract 24 from both sides leaving m for miles on one side. 0.10m = 13.00. now divide both sides by 0.10 leaving m by itself and making the equation m = 130.
80 weeks
1,200+40x=400+50x
800+40x=50x
800=10x
x=80