Abdul buys dress pants from a clothing company for p dollars. He then sells each pair of pants in his men’s clothing shop at a 4
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Answer: There will be $ 1687.02 in the account after 7 years.
Step-by-step explanation:
Formula to find the accumulated amount (A) in account on principal amount (P) with rate of interest (r) in 't' years is given by :-
As per given, P = $1400
r= 2.7% = 0.027
t= 7 years
Then,
Hence, there will be $ 1687.02 in the account after 7 years.