Evaluate Using the Given Value f(5)=400(1.01)^5

$f (5) = 400 {(1.01)}^{5}$

Step 1

Raise $1.01$ to the power of $5$ .

$f (5) = 400 \cdot 1.05101005$

Step 2

Multiply $400$ by $1.05101005$ .

$f (5) = 420.40402004$