SOLUTION: Principal 4500 rate 7% time 2yrs I need to simplify and round to the nearest cent.

Algebra.Com
Question 717689:
Principal 4500 rate 7% time 2yrs
I need to simplify and round to the nearest cent.

Answer by checkley79(3341)   (Show Source): You can put this solution on YOUR website!
4,500(1+.07)^2
4,500*1.07^2
4,500*1.1449=$5,152.05 ANS.

RELATED QUESTIONS

principal 400 rate 7% time 2yrs I need to simplify and round to the nearest (answered by stanbon)
Principal $500 Rate 13% Time 1yr I need to simplify and round to the nearest... (answered by nerdybill)
The principal P it's about at a simple interest rate R for period of time. T find the... (answered by MathTherapy)
Complete the following without using Table12.1. (Round the "Total amount" and "Total... (answered by Theo)
Suppose $2500 is invested at a rate of 7% per year compounded monthly. (round answer to... (answered by josgarithmetic,MathTherapy)
Interest is compounded semiannually. Find the amount in the account and the interest... (answered by math_tutor2020)
Find the accumulated amount A if the principal P is invested at the interest rate of... (answered by rfer)
The principal P is borrowed at a simple interest rate r for a period of time t. Find... (answered by MathLover1)
Determine how much more interest would be earned in the account paying compound interest. (answered by nyc_function)