How do you expect us to answer your question if we dont know if it is an equation but 7.0
28% interest would be your answer, you just divide 560/2000=.28
Answer:
B
Step-by-step explanation:
Given that the amount invested was compounded annually, the total value of the investment after 5 years will be:
FV=P(1+r/100)^n
where:
FV=future value
p=principle
r=rate
n=time
hence
FV=5000(1+3.2/100)^5
FV=$5,852.865
