I start out with 7,500

Question

rate is 0.01%
Can I get help with #1 and can someone check #2? Thanks!
1. Calculate the amount of your compound interest investment after 10 years. Remember that you are starting with $7,500.
2. Calculate the amount of your simple interest investment after 10 years. Remember to use the same rate and compounding as in #1.0.01% * 7,500 = 75
75 * 10 = 750
Answer: 750

Answer 1

put this in your google search engine:
7500(1.01)^10=
the second is correct for interest, but the value is now 7,500+750

Answer 2

Thank you

Answer 3

1. Since the compounding frequency was not given, how do you know it was compounded annually?

Answer 4

LillyPrince said the rate was .01%, which is .0001 as a decimal.
Probably a misprint, and bob assumed it to be.