Answer:
$1,140, or $1,144.9
Step-by-step explanation:
70 is 7% of 1,000
70 x 2 = 140
140 + 1,000 = 1,140
Or, if you mean 7% compounded annually then....
1,070 after first year.
7% of 1,070 = 74.9
74.9 + 1,070 = 1,144.9
