Question

An amount of $ 8,000 was invested at 6% interest that is compounded yearly. The equation
$a = 8000 (1.06) ^{t}$
represents the value A of the investment at time t years.
Find the worth of the investment when t= 7.
Round your answer to the nearest thousand. ​

Answer 1

Answer:

The answer is 12000 roundes to the neatest thousand

Step-by-step explanation:

In your calculator just substitute 7 into t

8000 ×1.06 to the power of 7