How much money will you have in 7 years if you invest $12000 at 2% in order to have compounded annually?

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

95.03 is the answer. hope this !

step-by-step explanation:

“a term can be a signed number, a variable, or a constant multiplied by a + sign or j sign. in , the terms are 5x , 3y and 8. when a term is made up of a constant multiplied by a variable or variables, that constant is called a coefficient.” i hope this you.