~Hello There!~
There is a formula you can use to get this answer pretty quickly:
[tex]final = original * multiplier^{n}[/tex]
n would be the number of years
5% as a multiplier would be 1.05
Here is what your calculation should look like:
[tex]7000*1.05^{10}[/tex]
The full answer would be:
11402.26239
The rounded final answer is $11402.26
Hope This Helps You!
Good Luck :)
Have A Great Day ^_^
- Hannah ❤
