SOLUTION: Money in a saving account increases at a rate of 4% per year. If the account has $22,000 in it now, how much should it have at the end of 2 years?

SOLUTION: Money in a saving account increases at a rate of 4% per year. If the account has $22,000 in it now, how much should it have at the end of 2 years?

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Question 457204: Money in a saving account increases at a rate of 4% per year. If the account has $22,000 in it now, how much should it have at the end of 2 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=22000(1.04)^2
A=$23,795.20
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