Answer:
The ending balance is $90049.2285
Step-by-step explanation:
Principal = 53300
Rate of interest =6%
Time = 9 years
We are supposed to find How much is the ENDING Balance
Formula : [tex]A=P(1+r)^t[/tex]
A = Amount
P = Principal
r = rate of interest in decimals
t =time
Substitute the values in the formula "
So,[tex]A=53300(1+0.06)^9[/tex]
A=90049.2285
Hence The ending balance is $90049.2285
