Autumn deposited $500 into a savings account with a 1.8% interest rate, compounding monthly. use the compound interest formula to determine how much money she will have after 4 years. show your work.

By definition we have that the compound interest formula is:

Where

A: amount

P: principal

r: interest rate (decimal)

n: number of times interest is compounded per year

t: time years

Substituting values we have:

after 4 years she will have about:

126.66 m²

step-by-step explanation:

the pertinent area formula is a = πr², where r is the radius.

here, a = π(6.35 m)² = 40.32π, or approximately 126.66 m²