Answer:
Future amount of penguin = 4,772.70
Step-by-step explanation:
Given:
Current amount of penguin = 2,000
Growth rate r = 19% = 0.19
Number of year n = 5
Find:
Future amount of penguin
Computation:
Future amount of penguin = Current amount of penguin[1+r]ⁿ
Future amount of penguin = 2000[1+0.19]⁵
Future amount of penguin = 4,772.70