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=2080+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



Did you find an error or inaccuracy? Feel free to write us. Thank you!










Tips for related online calculators
Need help with mixed numbers? Try our mixed-number calculator.
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: