An investment of 4,000 earns 2% interest compounded annually. What will be value of the investment in 7 years

Start with your exponetial growth formula: y = a(1 + r)^t.

Now, a is going to be your initial amount, r is the rate, and t is the time.

So we have y = $4,000(1 + .02)^7.

Now simplify inside the parenthses first.

So we have y = $4,000(1.02)^7.

Simplifying further gives us y = $4,000(1.14868).

Now use a calculator to get y = $4,594.72

step-by-step explanation:

because 1/3 is a fraction. we can tell because there is a divisor symbol between the 1 and the 3. if we were to add 2 fractions together, we would add the numerators, which is the number on top, but not the denominators, which is the number on the bottom

1/3+1/3=2/3

hope this !

3

step-by-step explanation:

divide 13.5 by 9 to get the scale factor. it equals 1.5

2 * 1.5 = 3