Using the equation S=C(1 +r/100)^5 If the r=11 and the C= 18.5 How do I work the problem?

Question

Using the equation S=C(1 +r/100)^5 If the r=11 and the C= 18.5 How do I work the problem?

Answer 1

Ok so you put in the numbers for the letters like this:

S=18.5(1+11/100)^5

then you simplify it by first doing the stuff in the ( )

then do that number to the ^5

and the multiply it with 18.5

at least I think that's what you do. Hope it helped