Answer:
568$
Step-by-step explanation:
a1(b)^n-1
First multiply the initial value (490) into 1.025 (Because it is growing so we add 1 to the rate converted into a decimal.) then n-1 or 7-1 which is 6, simply solve.
Its hard to explain so you should have an equation set up like this:
f(x)=490(1.025)^7-1
that is 568.249 (568)
Hope it helps.
