Find the compound amount for the deposit. (round to two decimal places).
$5000 at 7% compounded annually for 6 years.
a $7012.76
c. $7100.00
b. $6750.00
d. $7503.65

Answer C.) $7,100.00

Step-by-step explanation:

7% of 5,000 is = 350

(0.07 x 5,000 = 350)

6 years of intret would be 2,100

(6 x 350 = 2,100)

add 2,100 to 5,000

2,100 + 5,000 = 7,100

$7,100

Hope this helped!

~Lunar Rose. Moon

i get you, what you should do is think of the positive things that would come out of it. it will make yours parents proud and raise your grade. you should always try and if you can't focus tell the teacher.