2) The cost of renting a boat for one or more
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Answer:
<h2><em>7</em><em>2</em><em>.</em><em>9</em><em>°</em></h2><em>sol</em><em>ution</em><em>,</em>
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<em>hope</em><em> </em><em>this</em><em> </em><em>helps</em><em> </em><em>.</em><em>.</em><em>.</em><em>.</em>
<em>Good</em><em> </em><em>luck</em><em> on</em><em> your</em><em> assignment</em><em>.</em><em>.</em><em>.</em>
Answer:
Step-by-step explanation:
Given the following data;
Principal = $7,000
Interest = 3.5% = 3.5/100 = 0.035
To find the future value, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;