Find the balance in the amount after the given period. 5000 principal earning 7% commanded, 7 years

Complete question :

Find the balance in the amount after the given period. 5000 principal earning 7% compounded annually for 7 years

8,028.91

Step-by-step explanation:

Given :

Principal, P = 5000

Rate, r = 7% = 0.07

Period, t = 7 years

Using the compound interest formula :

A = P(1 + r/n)^nt

A = final amount ; n = number of compounding times per period

A = 5000(1 + 0.07/1)^(1*7)

A = 5000(1 + 0.07)^7

A = 5000(1.07)^7

A = 5000 * 1.60578147647843

A = 8028.90738239215

Amount saved = 8,028.91

black/brown

step-by-step explanation:

well, you see here, jamal was born to 2 parents, his mother who he lives with and his father who left at a young age and who happens to be younger than him. he stole cookies because he has to steal food due to the fact that he spends his government poverty checks on pot and women.

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

hope it