Answer:
<h2>$5925.51</h2>
Step-by-step explanation:
We are going to be using the compound interest formula
Given data
principal P= $5000
N is time = 7 years
rate r= 2.5%= 0.025
compounded monthly k= 112
final amount A=?
The expression for the compound interest is
substituting into the expression we have
in seven years he will have $5925.51
Answer:
29 and 17
Step-by-step explanation:
Sum: 29 + 17 = 46
Difference: 29 - 17 = 12