For 8 years, $55 is deposited each week into an account that earns 2.1% interest, compounded weekly (52 times a year).  The account currently has $300 in it.  How much will be in the account after 8 years?  Round your answer to two decimal places if rounding is necessary

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A: P=Principle=$3000t=time=15 yearsr=interest rate=8%=0.08A=final amount=?n=number of times compounded…

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A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

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A: We have the simple interest formula as     A = P*(1 + r*t )  where A = final amount…

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A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

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A: Given amount=$8296

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