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1 vote
Help
With this math question please

Help With this math question please-example-1
User Tiftik
by
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1 Answer

4 votes
Well, the equation is A=Pe^rt

So using what you are given:
P=$1,600
r=4.75% or 0.0475
t=7 years
A = total
And e is a number. if you have a calculator. you should be able to see it on there. It's literally just the letter e.

so then the equation is:
A = (1600)e^(0.0475)(7)

Which when you enter into a calculator gives you:
11,744.837452558

and when rounded to the nearest hundreth:
11,744.84
User Cantordust
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5.3k points