Respuesta :

cnote3112

Answer:

841.53

Step-by-step explanation:

equation for annual intrest is

[tex]I*y^x=f[/tex]

where I is your initial amount, y is equal to [tex]1+(interest /100)[/tex]

and x is equal to the amount of years you're looking for, with f being the final balance

so for this questions, the equation is as follows

[tex]600*(1+7/100)^5=f\\600*1.07^5=f\\600*1.40255=f\\841.53=f\\[/tex]

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