Question

You invest $2,000 into an account that earns 1.5% interest compounded each year for 7 years. How much money will you have in the account at the end of 7 years? Round to the nearest dollar.
A. $1,220,703
B. $2,220
C. $2,030
D. $14,210

Use formula= f(t)=a*(1-r)^t

Answer 1

2000 is how many times 100?

Answer 2

200,000 @IsaiahCC100

Answer 3

200,000 really? 200,000 times 100 is over 2 million try again

Answer 4

How many times 100 will equal 2000

Answer 5

there are 20 hundreds in 2000 @IsaiahCC100

Answer 6

Now whats 20 times 1.5

Answer 7

30

Answer 8

30 times 7?

Answer 9

210

Answer 10

brb

Answer 11

With interest happening over time it would be B