today joelle opened an interest - bearing savings account and deposited $ 6000 . if the annual interest rate is 5 percent compounded interest , and she neither deposits nor withdraws money for exactly 2 years , how much money will she have in the account ?
interest for 1 st year = 6000 * 5 / 100 = 300 interest for 2 nd year = 6300 * 5 / 100 = 315 total = 6000 + 300 + 315 = 6615 answer : d
multiply(6000, power(add(const_1, divide(5, const_100)), const_2))