Answer:
It will grow to $229.91
Explanation:
Amount (A) = Pe^rt
P is the amount invested = $100
r is the rate of return = 9.25% = 9.25/100 = 0.0925
t is the duration of the investment = 9 years
A = 100e^(0.0925 × 9) = 100e^0.8325 = $229.91 (to 2 decimal places)
