Ask Question
18 July, 15:01

The expression 1500 (1.07) ^t represents the value of a $1500 investment that earns 7% interest per year, compounded annually for t years. what is the vaule of a $1500 investment at the end of 2 years?

+4
Answers (1)
  1. 18 July, 17:40
    0
    Total = Principal * (1 + rate) ^ years

    Total = 1,500 * (1.07) ^ 2

    Total = 1,717.35
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The expression 1500 (1.07) ^t represents the value of a $1500 investment that earns 7% interest per year, compounded annually for t years. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers