Question

MATH 144: College Math

Answer 1

Explanation:

Use the formula A=Pe^rt to solve. A is the final amount, P is the initial amount, r is rate of interest, and t is time.

Therefore,

A=10000e^(0.07)(18)

A=35254.21

Answer 2

To solve this problem, we will use the formula A=Pe^rt. A is the final amount, P is the initial amount, r is rate of interest, and t is time.
A=10000e^(0.07)(18)
A=35254.21