Answer: 4230.14
Step-by-step explanation:
The amount that the balance is multiplied by each month is
[tex]\frac{2448}{2040}=1.2[/tex].
So, after t months, the balance is [tex]1700(1.2)^{t-1}[/tex].
Substituting in t=6, we get the balance is
[tex]1700(1.2)^{6-1}=\boxed{4230.14}[/tex], to the nearest hundredth.
