Answer:

Step-by-step explanation:
We are using the formula I=PRT and calculating simple interest.

<em>I</em> is the interest, <em>P</em> is the principal or starting amount, <em>R </em> is the interest rate as a decimal, and <em>T</em> is the time in years.
We know that there is $1555.00 at 8% for 2 years. First, convert the interest rate to a decimal. Divide the rate by 100 or move the decimal place 2 spots to the left.
- 8/100 = 0.08
- 8. --> 0.8 --> 0.08
Now we know all the values:
Substitute the values into the formula.

Multiply.


The account earned $248.80 in interest, but the question asks for the total amount in the account. We must add the interest to the starting amount.


After 2 years, the savings account had <u>$1803.80</u>
Answer:
-56
Step-by-step explanation:
Answer:
its right
Step-by-step explanation:
4/7 : 14
2 : 49
stay safe
The money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000
<h3>What is compound interest?</h3>
The formula for compound interest is given as;

P = principal interest = $25, 000
r = rate = 4. 5%
n = 2 months
t = 6 years
A = 
A = 
A = 
A = $20, 625, 000
Thus, the money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000
Learn more about compound interest here:
brainly.com/question/2455673
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