Answer:
$223,787
Explanation:
r = 0.02
C = 191,000
t = 8
S = 191,000 (1 + 0.02)⁸
Follow order of operations (PEMDAS).
S = 191,000 (1.02)⁸
S = 191,000 (1.171659381)
S = 223,786.9
(We want to round to the nearest dollar, which is the ones place, so ignore all digits after the tenths place.)
Rounding, S = 223,787