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

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Principal 4500 rate 7% time 2yrs I need to simplify and round to the nearest cent.      Log On


   

Question 717689:
Principal 4500 rate 7% time 2yrs
I need to simplify and round to the nearest cent.
Answer by checkley79(3341) About Me  (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.