Answer:
$410
Explanation:
The formula for calculating the amount is expressed as:
A = P(1+r)^t
P is the principal (amount invested) = $160
r is the rate = 5.7% = 0.057
t is the time = 17 years
Substitute the given values into the formula as shown;
A = 160(1+0.057)^17
A = 160(1.057)^17
A = 160(2.5661)
A = 410.58
Hence the amount that will be in the account after 17years to the nearest ten dollars is $410
