Question

100 POINTS! SEE PHOTO! rotate if needed

Answer 1

Explanation:

The compound interest formula:

A = P(1+r/n)^rt

P = 3500

n = 1

r = 0.06

t = 1, 2

Let's do 1 year:

3500(1 + 0.06)^0.06

3512.25

2 years:

3500(1 + 0.06)^0.06(2)

3524.55

Hope this helps!