Question

You start an account with $2,500 and an annual interest rate of 6.5% compounded yearly. How much is in the account after 7 years?

I need an expression and a solution​

Answer 1

I'm pretty sure it's this:

Answer:

y=a( 1+ r/n)^ nt

growth is a= 2500 yearly is n= 1

y= 2500( 1+ .065/1)^ 1.7 = $3884.97