Ryan deposited $6,700 into an account at the Town Bank, earning 3.4% interest compounded annually. He made no deposits or withdrawals. Write and solve the equation to find the amount of money in his account after 4 years. Round to the nearest cent.

The amount of money in his account after 4 years = $7,658.73

Step-by-step explanation:

If interest is compounded annually, then formula to compute amount :

, where P+ principal value, r= rate of interest, n= time ( in years).

As per given,

P= $6700 ,  r = 3.4% =0.034, n =4

Hence, the amount of money in his account after 4 years = $7,658.73

b

step-by-step explanation:

u take $75 minus $60.the anwer/original($75)multiply by 100