Solve 5,000(1+0.019/1)^4

$$5,000 ( 1 + \frac { 0.019 } { 1 } ) ^ { 4 }$$

Evaluate

$$5390.967831605$$

Solution Steps

Anything divided by one gives itself.

$$5000\left(1+0.019\right)^{4}$$

Add 1 and 0.019 to get 1.019.

$$5000\times 1.019^{4}$$

Calculate 1.019 to the power of 4 and get 1.078193566321.

$$5000\times 1.078193566321$$

Multiply 5000 and 1.078193566321 to get 5390.967831605.

$$5390.967831605$$

Factor

$$\frac{1019 ^ {4}}{2 ^ {9} \cdot 5 ^ {8}} = 5390\frac{193566321}{200000000} = 5390.967831605$$