Brianna invested $800 in a company which will earn 3% compounded interest yearly. How mucinvestment after 7 years?27A.7=800(0.3)7B. y = 800 (0.03)? C. y = 800 (1.03)?C.y=800(1.03)7D. y = 500 (1.3)?
Accepted Solution
A:
Answer:B. y = 800 (0.03)Step-by-step explanation:B is the right answer This is because:3% as a decimal is 0.03. The other options don't have those values so it's obviously eliminated out. To find the interest after 7 years:800 (0.03) Therefore B is the right answer :) PLEASE DO MARK ME AS BRAINLIEST IF MY ANSWER IS HELPFUL ;)