9514 1404 393
Answer:
$6420
Explanation:
The account value can be found using the formula ...
A = P(1 +rt)
where P is the initial deposit, r is the annual rate, and t is the number of years.
A = $6000(1 + .035×2) = $6000(1.07) = $6420
The total amount after 2 years is $6420.