Asked by ashenafi

sofia deposits birr 3500 in a bank account paying an annual interest rate of 6%. find the amount she has at the end of the fourth year?
Answered by Steve
well, she earns 6% each year, so each year she multiplies the 3500 by 1.06, right?
so, after 4 years, she has 3500 * 1.06^4 = ?
Answered by Kumneger Wondwosen Abebe
What if the amount she has at the end of the second year