Answer:
$62,167.3
Step-by-step explanation:
Profit after nine years is the amount.
Amount = Principal + Interest
Given
Earning profit = Principal = $49,300
Rate = 2.9%
Time = 9 years
Interest = Principal * Rate * Time/100
Interest = $49,300*2.9*9/100
Interest = 1,286,730/100
Interest = $12,867.30
Amount = $49,300+$12,867.30
Amount = $62,167.3
Hence leroys profits after nine years is $62,167.3
