stanleychan429 stanleychan429

09-02-2017
Mathematics

contestada

If $10,000 is invested at an interest rate of 3.5% each year, what is the value of the investment in 7 years? Write an exponential function and solve.

Respuesta :

wolf1728 wolf1728

09-02-2017

Total = Principal * (1+ rate)^years
Total = 10,000 * (1.035)^7
Total = 12,722.79

Answer Link

alaynatrahan alaynatrahan

18-12-2018

Answer: y=10000(1.035)^7 ;$12,722.79

Answer Link

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