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1. $1500 earning 7% interest compounded annually for 12 years
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1. $1500 earning 7% interest compounded annually for 12 years

User Lordrhodos
by
5.2k points

1 Answer

5 votes

Answer:

$3378.3

Explanation:

P= 1500

R= 75

T= 12 years

A= P(1+R/100)^T

A= 1500(1+7/100)^12

A=1500(1.07)^12

A= $3378.3

User Nandan Chaturvedi
by
5.8k points
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