Question

if c dollars are deposited in an account paying r percent annual interest, the amount after x years is A =c(1+r)^x approximate the amount in account after x years, when c=$150,r =16% and x =19 years

Answer 1

what i have so far is that A:150(1+16%)^19
A:150(1.16%)^19
(1.74%)^19
:37,190.81... but idk how to convert that number into percentage sorry... anways i believe this is the answer!