Answer:
7577.02
Step-by-step explanation:
This would be the formula for that.
[tex]ia(1+.per)^{x}[/tex]=y
ia is the Initial Amount, which is 7000
.per is the recent, in this case is .2
and finally x, which is the amount of years. this is 4
If you put this into a scientific calculator: [tex]7000(1+.02)^{4} = y[/tex] you will get
7577.02
