Answer :
Answer:
[tex]\$532,166.99 \text{ (to the nearest penny)}[/tex]
Step-by-step explanation:
[tex]Amount \: at \: Compound \: Interest= P(1+\frac{r}{k} )^{nk}[/tex]
Principal, P=$10
Rate,r =5%
Compounding Period,K=4 (Quarterly)
Number of Years, n=2019-1800=219 Years
[tex]\text{Balance as at April 30th 2019}= 10(1+\frac{0.05}{4} )^{219*4}\\=10(1+0.0125 )^{876}\\=10(1.0125 )^{876}\\\approx\$532166.99 \text{ (to the nearest penny)}[/tex]