Answer :

We have the next formula

[tex]A=P\mleft(1+\frac{r}{n}\mright)^{nt}[/tex]

A is the amount

P is the principal

r is the rate

t is the time

n is number of periods

In our case

P=817

r=2%

t=2 years

n=1

We substitute the values

[tex]A=817(1+\frac{0.02}{1})^{1(2)}=$850.01$[/tex]

Amount: $850.01

Interest: $33.01

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