Question

Please help...

Given the formula FV = P + Prt, what is the future value of a savings account that had an initial deposit of $7,900 earning 6.5% simple interest for 4 years?

$10,074.23
$9,954.00
$9,376.85
$10.756.43
None of these choices are correct.

Answer 1

hi mate,

Answer:

FV = P + Prt

FV = P + Prt

FV = 7900 + 7900x4x6.5/100 = $ 9824

i hope it helps you.

Answer 2

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