Danielle invests $2,007 in a retirement
2 answers:
Formula For finding Simple interest= Profit x rate x time/ 100
Profit = $2,007 x Rate= 7% x Time = 16 years
2,007 x 7 x 16
__________ = 224,784 ÷100 = 2,247.84
100
Answer :- 2247.84
A=pe^rt
A future value
P present value 2007
R interest rate 0.07
T time 16 years
A=2,007×e^(0.07×16)
A=6,151.16
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