Answer :
Answer:
[tex]3863.35 = 3500(1 + \frac{0.05}{2} )^{(2 \times 2)} [/tex]
Step-by-step explanation:
The formula for this equation is
[tex]a = p(1 + \frac{r}{n} )^{(n \times t)} [/tex]
a is the final result
p is the starting amount (deposited)
r is the interest rate
n is the number of times it's compounded
t is the time
because it says compound annually and it's after 2 years both t and n equal 2. I rounded a for you, but if you don't need it rounded here it is: 3863.345117
Please double check me I may be wrong, this is my second time doing these type of questions