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kaygirlnelson6258
04.05.2021 •
Mathematics
A
8 in
10 in
What is the length of the missing leg?
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Ответ:
j cgdewuyiq j ykr
Ответ:
Results are below.
Step-by-step explanation:
Giving the following information:
Initial investment (P)= $5,000
Interest rate (r)= 5% simple interest
Number of periods (t)= 7 years
To calculate the interest earned, we need to use the following formula:
I= P*r*t
I= 5,000*0.05*7
I= $1,750
To calculate the future value of the investment, we need to use the following formula:
FV= I + P
FV= 1,750 + 5,000
FV= $6,750