Answer:
$ 663.90
Step-by-step explanation:
Calculate the amount (A) using
A = P[tex](1+r)^{t}[/tex]
where P is the principal, r is rate of interest and t is time in years
Here P = $550, r = [tex]\frac{1.9}{100}[/tex] = 0.019 and t = 10 then
A = 550 [tex](1+0.019)^{10}[/tex]
= 550 [tex](1.019)^{10}[/tex]
= $ 663.90
