Respuesta :

Using the compund interest formula:

[tex]A=P(1+\frac{r}{n})^{nt}[/tex]

Where:

P = Principal = 2000

r = Interest rate = 5% = 0.05

n = Number of times interest is compounded = 1

t = time = 7

so:

[tex]\begin{gathered} A=2000(1+\frac{0.05}{1})^{1\cdot7} \\ A\approx2814 \end{gathered}[/tex]

Answer:

$2814

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