SOLUTION: Find the total amount returned for a 7-year investment of $2600 at a simple annual rate of 2.73%.

SOLUTION: Find the total amount returned for a 7-year investment of $2600 at a simple annual rate of 2.73%.

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Question 739212:
Find the total amount returned for a 7-year investment of $2600 at a simple annual rate of 2.73%.
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
2,600(1+.0273)^7
2,600(1.0273)^7
2,600*1.2075=$3,139.45 ANS.
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