Verified Answer :

HomertheGenius

P = $2500, n = 7,  r = 3% = 0.03
F = P / ( 1 + r ) ^t
F = $2500 * 1.03^(7) = $2500 * 1.22987 = $3074.68 = $3075

SociometricStar

Answer:

$3084

Step-by-step explanation:

The principle amount, P = $2500

Interest rate = 3% = 0.03

t = 7 years.

The formula for compounded continuously is given by

\(A=Pe^{rt}\)

Substituting the known values, we get

\(A=2500e^{0.03\cdot7}\)

On simplifying, we get

\(A=\$3084.195\)

Therefore, the amount after  7 years in $3084

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