Question

At the beginning of year 1, Gracie invest $350 at annual simple interest rate of 4%. She makes no deposits to or withdrawals from the account

Answer 1

Answer: A(n)=350+(n-1)(0.04•350);$504.00

Step-by-step explanation:

Answer 2

I guess you want to know the total amount after one year. If so, the interest yielded after one year is 350 x 4% = $14 and her new capital becomes
350 (initial capital)  + 14 (interest over 1 year) = 350+14 = $364