Answer:
$8700
Explanation:
0.08 x 2 yrs = 0.16
7500 x 0.16 =1200
7500 + 1200 = 8700
12,300
I'll right this as a function to make it easier on me.
f(x) = 7500(1 + 0.8)^x
f(2) = 7500(1 + 0.8)^2
f(2) = 7500(1 + 0.64)
f(2) = 7500(1.64)
f(2) = 12300
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