You invest $1200 and it grows at a rate of 7% for 5 years. which expression gives the value of your investment?

The expression gives the value of your investment is

The value of investment after 5 years is $ 1683.06

Solution:

Given that You invest $1200 and it grows at a rate of 7% for 5 years

To find:  Expression that gives the value of your investment

From given information,

Principal = $ 1200

rate of interest = 7 %

number of years = 5 years

The formula for compound interest, including principal sum, is:

Where,

A = the future value of the investment/loan, including interest

P = the principal investment amount (the initial deposit or loan amount)

r = the annual interest rate (decimal)

n = the number of times that interest is compounded per unit t

t = the time the money is invested or borrowed for

Assuming interest is compounded annually, n = 1

Substituting the values we get,

Thus the value of investment after 5 years is $ 1683.06

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a. she will receive a refund of $278.

step-by-step explanation: