+961 Harry has $10 in a savings account that earns 4% interest, compounded annually.
Complete the following sentence with the correct value.
The amount in the account at the end of 2 years, to the nearest cent
+23245 Compound interest formula: A = P(1 + r/n)^(n·t)
A = Final amount P = Principal = 10.00 t = number of years = 2
r = interest rate (as a decimal) = 0.04 n = numer of times compounded per year = 1
A = 10.00(1 + 0.04/1)^(1·2)
A = 10.00(1 + 0.04)^(2) <--- finish this ...
