If you invest $2,000 today in a bank that gives you a 4 percent annual interest rate, which of these items can you buy in seven years?
A) A home theater system worth $3,000
B) A designer dress worth $2,700
C) A mountain bike worth $2,500
Stacey Warren - Expert brainly.com
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1any one of the three
2 A and C both
3 B and C both
There is this equation, A = P(1+r)^(t)
Where A is the ending amount
P is the starting amount
r is the rate
and t is the number of years
we can plug in P = 2000
r = 0.04
and t = 7
into this equation and get A = 2000(1.04)^(7)
now if you plug that into your calculator, that will be how much money you will have after 7 years
the value of the items you can purchase will have to be less than that number
I hope this helped :)
@jigglypuff314 This is what I got for my final answer /_^ 2631.86355