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| Math Central | Quandaries & Queries |
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Question from chelsey, a student: I am unsure on how to solve this problem, 600(1+0.05) 7 ? |
Hi Chelsey,
Do you mean
\[600 \left( 1+0.05 \right)^{7}?\]
If so then $1 + 00.5 = 1.05$ and hence
\[600 \left( 1+0.05 \right)^{7} = 600 \left( 1.05 \right)^{7}.\]
Use your calculator to calculate
\[\left( 1.05 \right)^7 = 1.05 \times 1.05 \times 1.05 \times 1.05 \times 1.05 \times 1.05 \times 1.05 \]
and then multiply the result by 600.
I hope this helps,
Penny
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