Given:
[tex]\begin{gathered} P=1450 \\ R=9\% \\ T=7 \end{gathered}[/tex]Required:
To find the accumulated amount.
Explanation:
Consider the formual
[tex]A=P(1+\frac{r}{n})^{nt}[/tex]Here
[tex]\begin{gathered} A=1450(1+\frac{0.09}{1})^{1(7)} \\ \\ =1450(1+0.09)^7 \\ \\ =2650.66 \end{gathered}[/tex]Final Answer:
Accumulated aount is $2,650.66
