Answer:
11984.18 dollars
Step-by-step explanation:
Given that an amount of 5700 dollars is invested at 11.2% p.a. for seven years compounded.
We have compound interest formula for Principal P for n years at r% compounded annually is
Final amount =
Final amount for 5700 dollars at 11.2% p.a. for 7 years would be
11984.18 dollars.
Answer is 11984.18 dollars