It takes 10 years for a 100$ months bank deposit to amount to 15,528.23$ when invested at 5% interest compounded monthly round to the nearest place value then express the amount 15,528.23 in the form of a X 10^n where a is single digit

1 answer

To express the amount $15,528.23 in the form of \( a \times 10^n \) where \( a \) is a single digit, we first convert the number into scientific notation.

We can rewrite \( 15,528.23 \) as:

\[ 1.552823 \times 10^4 \]

Here, \( a = 1.552823 \) is not a single digit. We can adjust this to meet the requirement of having only one digit before the decimal point:

\[ 15,528.23 = 1.552823 \times 10^4 \]

Since we want \( a \) to be a single digit, we can round \( 1.552823 \) to \( 2 \) (because rounding it would make it simpler with one digit) and we need to adjust the exponent accordingly. So we can write:

\[ 1.552823 \approx 2 \]

Thus, we need to adjust:

\[ 2 \times 10^4 \text{ becomes } 2 \times 10^4 \]

To keep the single digit requirement:

So we'll write \( 15,528.23 \approx 1.6 \times 10^4 \).

Thus, we have:

\[ 15,528.23 \approx 1.6 \times 10^4 \]

Rounded to \( 1.6 \times 10^4 \).

Final Answer:

Therefore, \( 15,528.23 \) can be expressed as:

\[ 1.6 \times 10^4 \]