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Suzie has $9,126 in an account. The interest rate is 10% compounded annually. To the nearest cent, how much will she have in 5 years?

Suzie has $9,126 in an account. The interest rate is 10% compounded annually. To the nearest cent, how much will she have in 5 years?
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3 votes
Suzie has $9,126 in an account. The interest rate is 10% compounded annually.

To the nearest cent, how much will she have in 5 years?

User Instantaphex
by
8.5k points

1 Answer

2 votes

Answer: $14697.51

Explanation:


9126(1+0.10)^(5) \approx \$14697.51

User Joe Dyndale
by
8.3k points
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