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3 votes
?? ihow to solve this problem

?? ihow to solve this problem-example-1
User Arsalan T
by
6.6k points

1 Answer

6 votes

In the given formula :

r = rate = 4.5% = 0.045

t = time = 7 years

P = principal = #3,700


e is an arbitrary number used in mathematics, which is approximately 2.7183


Replace the letters with the given information:

A = 3700e^0.045(7)

A = $5,069.96


The answer is C

User Mikebloch
by
6.5k points
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