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23 July, 12:38

An initial amount of $600 is invested in a compound savings account with an annual interest rate of 3.5%. 1. Define variables 2. Substitute into formula A = P (1+r) t 3. Evaluate What is the total amount after 2 years? What is the total amount after 4 years?

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  1. 23 July, 12:44
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    the amount after 2 years is $642.74 and

    the amount after 4 years is $688.51
  2. 23 July, 13:04
    0
    Answer: the amount after 2 years is $642.74

    the amount after 4 years is $688.51
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