Ruby has $455.00 in a savings account that has an annual interest rate of 4.5%. If Ruby does not deposit or withdraw any money from the account, what will be
the balance in the account after 6 years? Use the formula P(1 + ) – B, where
p is the starting amount of money, r is the interest rate, and is the time in
years. Round your answer to the nearest cent.
$4,228.82
- $458.78
$592.53
0 $2,852.85