Respuesta :

Answer:

1,225

Step-by-step explanation:

Let's first do the exponent portion:  (1 + 0.07)^3

(1 + 0.07)^3 = 1.2250

Now multiply by 1,000

(1,000)*(1.2250) = 1,225

Answer:

[tex]1,225.04[/tex]

Step-by-step explanation:

[tex]f(t)=1,000(1+0.07)^t[/tex]

To find f(3) we just replace t with 3

[tex]f(3)=1,000(1+0.07)^3\\f(3)=1,000(1.07)^3\\f(3)=1,000(1.225043)\\f(3)=1,225.04[/tex]

I hope this helps please let know if you have any further questions