Solve P_{2035}=3941*[1+(0.69%+0.8%)]^17

$$P _ { 2035 } = 3941 \times [ 1 + ( 0.69 \% + 0.8 \% ) ] ^ { 17 }$$

Solve for P_2035

$$P_{2035}=5067.59299912510388177150390452293154315255068117251839385597960562555609$$

Steps for Solving Linear Equation

Expand \frac{0.69}{100} by multiplying both numerator and the denominator by 100.

$$P_{2035}=3941\left(1+\frac{69}{10000}+\frac{0.8}{100}\right)^{17}$$

Add 1 and \frac{69}{10000} to get \frac{10069}{10000}.

$$P_{2035}=3941\left(\frac{10069}{10000}+\frac{0.8}{100}\right)^{17}$$

Expand \frac{0.8}{100} by multiplying both numerator and the denominator by 10.

$$P_{2035}=3941\left(\frac{10069}{10000}+\frac{8}{1000}\right)^{17}$$

Reduce the fraction \frac{8}{1000} to lowest terms by extracting and canceling out 8.

$$P_{2035}=3941\left(\frac{10069}{10000}+\frac{1}{125}\right)^{17}$$

Add \frac{10069}{10000} and \frac{1}{125} to get \frac{10149}{10000}.

$$P_{2035}=3941\times \left(\frac{10149}{10000}\right)^{17}$$

Calculate \frac{10149}{10000} to the power of 17 and get \frac{128586475491629126662560362966834091427367436720946927019943659112549}{100000000000000000000000000000000000000000000000000000000000000000000}.

$$P_{2035}=3941\times \frac{128586475491629126662560362966834091427367436720946927019943659112549}{100000000000000000000000000000000000000000000000000000000000000000000}$$

Multiply 3941 and \frac{128586475491629126662560362966834091427367436720946927019943659112549}{100000000000000000000000000000000000000000000000000000000000000000000} to get \frac{506759299912510388177150390452293154315255068117251839385597960562555609}{100000000000000000000000000000000000000000000000000000000000000000000}.

$$P_{2035}=\frac{506759299912510388177150390452293154315255068117251839385597960562555609}{100000000000000000000000000000000000000000000000000000000000000000000}$$

Assign P_2035

$$P_{2035}≔5067.59299912510388177150390452293154315255068117251839385597960562555609$$