How much would $200 invested at 7% interest compounded annually be worth after 5 years? round your answer to the nearest cent.

use the Compound Amount formula:

A = P (1 + r)^t, where P is the principal, r is the interest rate as a decimal fraction, and t is the number of years

Here, A = $200 (1 + 0.07)^5    =    $500(1.07)^5    =   $280.51.

The interest earned would be $80.51

it allows shippers to carry commercial goods, which allows them to save time and money.

very positive impact on our industries in the west, sine they promoted settlement and increased the ways in which goods could be transported to market.