Given:
[tex]\begin{gathered} \text{Principal(P)}=\text{ \$3100 } \\ r=5.5\text{ \%} \\ n=9 \end{gathered}[/tex][tex]Final\text{ amount=P(1+}\frac{r}{100})^n[/tex][tex]\begin{gathered} Final\text{ amount after 9 years=}3100(1+\frac{5.5}{100})^9 \\ =3100(1.6191) \\ =\text{ \$50}19.21 \end{gathered}[/tex]Therefore, the investment be worth after 9 years is $5019.21
