If $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by , and the interest earned is . Find S for the given P, n, and i. Round your answer to two decimal places.
$1,700 for 7 years at 12%

A)$3,758.16
B)$2,058.16
C)$3,355.5
D)$694.75
E)$4,209.14

Question

If $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by  , and the interest earned is  . Find S for the given P, n, and i. Round your answer to two decimal places. ​
$1,700 for 7 years at 12%
​
A)$3,758.16 
B)$2,058.16 
C)$3,355.5 
D)$694.75 
E)$4,209.14

Quizplus · Accepted Answer

The Answer of If $P is invested for n years at rate i (as a decimal), compounded annually, the future value that accrues is given by  , and the interest earned is  . Find S for the given P, n, and i. Round your answer to two decimal places. ​
$1,700 for 7 years at 12%
​
A)$3,758.16 
B)$2,058.16 
C)$3,355.5 
D)$694.75 
E)$4,209.14

If $P Is Invested for N Years at Rate I