How do you evaluate #44000(1+\frac{.019}{365})^{365\times 3.8}#?

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Answer 1 · 2017-08-06T13:06:38

The final answer is #47,294.20#

Simplify one part at a time using a scientific calculator:

Start inside the bracket with the division

#0.019div365=" "# then ADD 1.

#+1 =#

Then raise that answer to the power of 1387.

#(1.000052055)^1387#

Last, multiply by #44,000#

#(1.000052055)^1387#

Do not re-enter any part.

The final answer is #47,294.20#