Answer:
$73.21
Explanation:
[tex]\boxed{\sf A = P(1 + \dfrac{r}{100})^{t}}[/tex]
where A is final value, P is initial value, r is rate of interest, t is time (years)
Solve for Final Value:
[tex]\rightarrow \sf A = 55(1 + \dfrac{10}{100})^{3}[/tex]
[tex]\rightarrow \sf A = 55(1.1)^{3}[/tex]
[tex]\rightarrow \sf A = 73.205[/tex]
[tex]\rightarrow \sf 73.21 \ \ (rounded \ to \ nearest \ hundreth)[/tex]
