Question

PLEASE HELP MEEE!! NEED HELP FAST!! 20 POINTS

Answer 1

30000$ swhat i thiiiiiiiiiiiiiiiiiiiin

Answer 2

Answer: 602.45 dollars

===========================================

Explanation:

The formula we'll use is

A = P(1+r/n)^(n*t)

which is the compound interest formula

The variables are

• P = amount deposited (principal) = 525
• r = interest rate in decimal form = 0.035
• n = compounding frequency = 1 (annually means 1 time a year)
• t = number of years = 4

So we get

A = P(1+r/n)^(n*t)

A = 525(1+0.035/1)^(1*4)

A = 602.449575328124

A = 602.45

Which is her balance after four years assuming no additional deposits or withdrawals.

------------

Extra info:

Subtract off the initial balance to get 602.45 - 525 = 77.45

She made 77.45 dollars in interest over those four years.