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An initial amount of $600 is invested in a compound savings account with an annual interest rate of 3.5%. 1. Define variables 2. Substitute into formula A = P(1+r)t 3. Evaluate What is the total amount after 2 years? What is the total amount after 4 years?

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manderson72

Answer: the amount after 2 years is $642.74

the amount after 4 years is $688.51

Step-by-step explanation:

Answer:

the amount after 2 years is $642.74 and

the amount after 4 years is $688.51

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