Use Estimation to Select the Best Response $I = \rho r t$

Short Answer

Use estimation to select the best response. If $I = \rho r t$ and $I = \$ 698.05$ , $r = 9.85 \%$ , and $t = 1 \text { year }$ , estimate $P$ . Choose 700, 7,000, 70, or 70,000. $ __________