P = $3,471.52, the principal
r = 3.1% = 0.031, annual ratr
n = 12, monthly compounding
t = 21 years
Note that n*t = 252.
The value after 21 years is
A = 3471.52*(1 + 0.031/12)²⁵²
= $6,650.91
The interest earned is
6650.91 - 3471.52 = 3179.39
Answer: $3,179.39
Answer:
the answer to this is 0.15 #4
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