SOLUTION: How much is $7,200 worth at .07 interest in one year

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: How much is $7,200 worth at .07 interest in one year      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

Question 517009: How much is $7,200 worth at .07 interest in one year
Answer by JBarnum(2044) About Me  (Show Source):
You can put this solution on YOUR website!
.07%287200%29=504
hmmm i cant tell if u mean .07% or 7% according to how u have written problem .07=7% so u can see my confusion ill just do both
7% interest:
.07%287200%29=504
7200%2B504=highlight%287704%29
.07% interest:
.0007%287200%29=5.04
7200%2B504=highlight%287205.04%29