A principal is $3100 is invested at 8.25 % interest, compounded annually. how much will the investment be worth after 14 years

The equation is y=a(1+r)^t

A is the principal
R is the rate
T is time
Y is the total

Y=3100(1+0.0825)^14

Y =9404.86

Answerthe simplified expression isexplanationthe given expression is,let us deal with the bracket first.the two negatives in the parenthesis will become positive.the expression now becomes,we now expand the parenthesis to get,we group like terms to obtain,this simplifies to,