Answer:
To find the total amount in Mr. Hunter's account, we need to use the formula:
A = P(1 + r/n)^(nt)
where:
A = the total amount
P = the principal amount (the initial investment)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the number of years
In this case, P = $900, r = 0.06, n = 1 (compounded annually), and t = 2.
So, plugging in these values, we get:
A = 900(1 + 0.06/1)^(1*2)
A = 900(1.06)^2
A = 900(1.1236)
A = $1,011.24
Therefore, the total amount in Mr. Hunter's account after 2 years is $1,011.24.