$1600 is deposited into an account for which interest is compounded annually. The value of the account 5 years after the deposit is $1993.89. Find the value of the account 11 years after the initial deposit.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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$1600 is deposited into an account for which interest is compounded annually. The value of the account 5 years after the deposit is $1993.89. Find the value of the account 11 years after the initial deposit.
 
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