Nancy has $4,111 in an account that pays 3.07% interest compounded monthly. what is her ending balance after two years?

The ending amount in Nancy account after two years at 3.07% interest compounded monthly is  $ 4364.64

Step-by-step explanation:

Given as :

The principal amount in Nancy account = $4,111

The rate of interest compounded monthly = 3.07 %

The time period  = 2 years

Let The amount in her account after 2 years  = $ A

so, From compounded method

Amount = Principal ×

Or, Amount = $4,111  ×

Or, A = $4,111  ×

Or,  A= $4,111  ×

∴ A = $4,111  × 1.0617

I.e  A = $ 4364.64

Hence The ending amount in Nancy account after two years at 3.07% interest compounded monthly is  $ 4364.64  Answer

step-by-step explanation:

we are given

since, we have to isolate x on anyone side

so, we can move all x terms on one side

subtract both sides by 2x

add both sides by 9

divide both sides by 4

we get

answer: i think you should do the math and pay attention in class : )

step-by-step explanation:

that is truly what   think but if i get the answer i will