SOLUTION: If c dollars are deposited in an account paying R% annual interest, the amount after x years is A=C(1+r)^x. Approximate the amount of the account after x years when C=$100, r=16% a

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Question 453362: If c dollars are deposited in an account paying R% annual interest, the amount after x years is A=C(1+r)^x. Approximate the amount of the account after x years when C=$100, r=16% and x=21 yrs
I thank-you

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=100(1.16)^21
A=100*22.57
A=$2257.00