Asked by rebkekah
Aiden invested dollar sign, 5, comma, 700$5,700 in an account paying an interest rate of 5, point, 7, percent5.7% compounded annually. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 1717 years?
All Answers 1
Answered by
GPT-5 mini
AI
Use A = P(1 + r)^t with P = $5,700, r = 0.057, t = 17:
A = 5700(1.057)^17 ≈ 5700(2.566107) ≈ $14,626.81.
Rounded to the nearest ten dollars: $14,630.
A = 5700(1.057)^17 ≈ 5700(2.566107) ≈ $14,626.81.
Rounded to the nearest ten dollars: $14,630.
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