Answer:
After 1 year: $306
After 2 years: $312.12
Step-by-step explanation:
Use the formula 300 x 
t = no of years
So, Deposit x interest rat
<span>4ab + 4a − 3b − 3
=4a(b + 1) - 3(b+1)
= (b+1)(4a - 3)
(b+1) and (4a - 3) are factors
answer
</span><span>4a − 3</span>
<span>In order to calculate compounded interest, we use the formula: Final amount = initial amount x (increase rate)^(time periods). We know that the interest rate is 6%, so the factor we multiply by is 1.06. Moreover, the interest is compounded twice per year. This means that there will a total of 2 x 10 = 20 time periods over which the amount is compounded. Therefore, the final amount works out to be: Final amount = 200(1.06)^20, which is equivalent to $641.</span>
