SOLUTION: What is the answer to the problem $12,000 principal earnning 4.8% compound annually, after 7 years

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Question 32234This question is from textbook Prentice Hall Mathematics Algebra 2
: What is the answer to the problem
$12,000 principal earnning 4.8% compound annually, after 7 yearsThis question is from textbook Prentice Hall Mathematics Algebra 2

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
P=RT PRINCIPAL=RATE X TIME
12,000(.048)7=4,032 is the interest and the total value of the investment is
12,000+4.032=16,032