Question

Period deposit : $2500
Rate: 4.5
Time: 6 years

Answer 1

There is no question written

Explanation:

Answer 2

$3,255.65

Explanation:

I assume that you would like to calculate the result of $2,500 sitting for 6 years at an interest rate of 4.5%. You are going to want to use the compound interest formula, which is shown below.

`P(1+(r)/(n) )^(nt)`

P = initial balance

r = interest rate

n = number of times compounded annually

t = time

Now lets plug in the values into the equation.

`2,500(1+(0.045)/(1))^6` = 3,255.65

Your answer is $3,255.65