A=P (1+rt) when P = $6,000, r is 0.07...

Problema Solution

A=P (1+rt) when P = $6,000, r is 0.07 per year, and t = 3 years A = $

Taking that equation A=P(1+rt) as correct, then:

A=6000(1+0.07*3)

A=7260

So A equals $7,260.

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