Please help ASAP! i have been struggling on this question and need help!

Question

asked Feb 28, 2022 188k views

1 Answer

Rsaxvc · Answer 1 · 2022-03-04T08:05:02+0000

Answer:

841.53

Explanation:

equation for annual intrest is

I*y^x=f

where I is your initial amount, y is equal to
1+(interest /100)

and x is equal to the amount of years you're looking for, with f being the final balance

so for this questions, the equation is as follows

$600*(1+7/100)^5=f\\600*1.07^5=f\\600*1.40255=f\\841.53=f\\$