Luis has $660 in his savings account earning 4 1/2 % interest. How much interest will he earn in 2 years? How much money will be in the account?

$59.40 of interest in 2 years, $719.40 in total

Step-by-step explanation:

If you would divide $660 by $100 then 1% of that amount would be $6.60.  Assuming it is 4.5% from your question, if you would multiply the amount above then Luis would get $29.70 per year.  Also assuming that his savings account isn't changed over time, you would multiply 2 to get $59.40 which is the total amount of interest money earned in 2 years.  Add that amount to $660 and you would get $719.40 as the second part of the answer.

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step-by-step explanation:

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