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y=1600\times 1.03^{10}
Add 1 and 0.03 to get 1.03.
y=1600\times 1.34391637934412192049
Calculate 1.03 to the power of 10 and get 1.34391637934412192049.
y=2150.266206950595072784
Multiply 1600 and 1.34391637934412192049 to get 2150.266206950595072784.