SOLUTION: principal 400 rate 7% time 2yrs I need to simplify and round to the nearest cent.

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Question 717690: principal 400 rate 7% time 2yrs

I need to simplify and round to the nearest cent.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
principal 400 rate 7% time 2yrs
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A(t) = P(1+rt)
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A(2) = 400(1+0.07*2)
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A(2) = 400(1.14)
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A(2) = $456.00
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Cheers,
Stan H.
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