Answer:
$361,223
Step-by-step explanation:
Each year, the value is multiplied by 1+5% = 1.05. After 51 years, it has been multiplied by that factor 51 times, so is now ...
$30,000×1.05^51 ≈ $361,223
300 represents the initial value or the value that you started with.
1.15 is the rate that the function increases by over t (time)
8 1/4
Are you sure this is middle school
