Answer :
The solution to the problem is as follows:
The amount of interest earned each year is given by:
Annual interest = 493.12×0.032 dollars
The account balance after 13 years is:
493.12+(13×493.12×0.032) = $ 698.26
I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
The amount of interest earned each year is given by:
Annual interest = 493.12×0.032 dollars
The account balance after 13 years is:
493.12+(13×493.12×0.032) = $ 698.26
I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!