3 years ago

Danielle invests $2,007 in a retirement

2 answers:

5 0

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

Eva8 [605]3 years ago

3 0

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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