Answer:
$287,800
Step-by-step explanation:
A=P(1+r)t
Where
A=Compound Interest value
P=Principal or present value
r=rate of interest
t= time
Given,
P=$30,000
r=6.6%=0.066
t=9 years
A=$30,000(1+0.066)9
A=$30,000(1.066)9
A=$30,000(9.594)
A=$287,820
Approximately
$287,800
