QuestionBill deposits \$4500 at 4\% annual interest. Calculate the account balance after 1 year and after 2 years.

Studdy Solution
Calculate the amount in the account at the end of2 years.
$$A = \$4500(1 +0.04)^2 = \$4500 *1.04^2 = \$4867.2$$So, at the end of1 year, the amount in the account will be $4680, and at the end of2 years, the amount in the account will be$4867.2.