Justyna invested $1500 in an account at a 2.5% interest rate compounded annually. She made no deposits or withdrawals on the
2 answers:
Answer:
$1783.03
Step-by-step explanation:
You use the formula for finding the interest rate.
So 1500(1+.025)^7
Which you put that in a calculator and it comes to out to 1783.0286. Then just round up.
Hope this helps
Brainliest would be appreciated
Answer:
$1783.03
Step-by-step explanation:
Annually compounding interest formula:
PV(1+i)ⁿ
1500(1+.025)⁷
1500(1.025)⁷
1783.028631
which rounds to
1783.03
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