Answer:
$ 11,169.85
Step-by-step explanation
First, convert R percent to r a decimal
r = R/100
r = 7%/100
r = 0.07 per year,
Then, solve our equation for A
A = P(1 + r/n)nt
A = 2,000.00(1 + 0.035/2)(2)(25)
A = $ 11,169.85
Summary:
The total amount accrued, principal plus interest,
from compound interest on an original principal of
$ 2,000.00 at a rate of 7% per year
compounded 2 times per year
over 25 years is $ 11,169.85.
