Ask Question
21 May, 04:47

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.

+1
Answers (1)
  1. 21 May, 04:58
    0
    Total = Principal * (1 + rate) ^years

    Total = 10,000 * (1.035) ^7

    Total = 12,722.79
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers