Respuesta :
A = 750(1+0.07)^9
A = $1378
$1378 - $750 = $628
total amount = $1378
interest amount = $628
A = $1378
$1378 - $750 = $628
total amount = $1378
interest amount = $628
Answer with Step-by-step explanation:
Total amount = [tex]P(1+r)^n[/tex]
Here, P=$750
r=7/100=0.07
n=9
Total amount=
[tex]750(1+0.07)^9\\\\=750\times 1.07^9\\\\=\$ 1378.8[/tex]
Interest amount=Total amount-Initial amount
=1378.8-750
= $628.8
Hence,
Total amount=
$1378.8
Interest amount=$628.8
