Question

Please help me solve this im struggling

Answer 1

`\qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\dotfill &1265\\ r=rate\to 2\%\to (2)/(100)\dotfill &0.02\\ t=years\dotfill &7\\ \end{cases} \\\\\\ A = 1265(1 + 0.02)^(7) \implies A = 1265( 1.02 )^(7)\implies A \approx 1453`