14. Jasmine invested $4000 in a Building Society which paid simple interest at a rate of 7% per annum
to its investors. After 2 years, the rate was increased
to 7.6% per annum. Find the amount she had at
the end of 7 years.

., plz answer this question iam having a problem solving it

In 7 years she will have $6080

Step-by-step explanation:

1. She started with $4,000

2. Increased in 7% per year

(What is 7% of 4000?)

7 percent *4000 =

(7:100)*4000 =

(7*4000):100 =

28000:100 = 280

$4,000 +280 +280 > 280 is put twice because of the two years = 4560

(NOW It has increade 7.6% for the rest of the 5 years)

4560+(304)5=6080