Suppose heather places $3500 in an account that pays 11% interest compounded each year. assume that no withdrawals are made from the account.
1) find the amount in the account at the end of 1 year.
2)find the amount in the account at the end of 2 years.

 1) $3885   2) $4312.35

Step-by-step explanation:

The formula to find the compound amount is given by :-

, where P is the principal amount , r is the rate of interest and t is the time period.

Given : Principal amount : ,

Rate of interest :

When t=1 , then the amount in the account at the end of 1 year:-

When t=2 , then the amount in the account at the end of 1 year:-

6.5

step-by-step explanation:

you said it was in the question

~courtney