Simple interest formula:
I=PRT
I(interest money created in dollars)
P(initial amount of money)
R(interest rate as a decimal)
T(time in years)
I=7000(.07)(6)
I=$2,940
Therefore, the future value of A is $2,940
Answer:
none
Step-by-step explanation:
It’s organized and you can see it more visually , gives you a way to double check and write down the data properly.