An account

Seth has $9,399 in an account. The interest rate is 4 17/20% compounded annually.
To the nearest cent, how much will he have in 2 years?

Correct answer:

x2 =  10332.81 USD

Step-by-step explanation:

a=9399 USD r=42017=4+2017=204 20+17=2097=4.85 %  q=100%+r%=1+100r=1.0485  x1=q a=1.0485 9399=9854.8515 USD  x2=q x1=1.0485 9854.8515=10332.81 USD=1.0104 USD



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