document.write( "Question 898674: Hello everyone, I really just need some help in determining the formula for this problem- Suppose that $3500 is placed in an account that pays 11% interest compounded each year.Assume that no withdrawals are made from the account. 1) find the amount in the account at the end of 1 year. 2)find the amount in the account at the end of 2 years. \n" ); document.write( "
Algebra.Com's Answer #544951 by ewatrrr(24785)\"\" \"About 
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\n" ); document.write( "Hi
\n" ); document.write( " In General \"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal = 3500
\n" ); document.write( "r= annual rate = .11
\n" ); document.write( "n= periods per year = 1
\n" ); document.write( "t= years = 1 and then 2
\n" ); document.write( "\"A%281%29+=+3500%281.11%29%5E%281%29\"
\n" ); document.write( "\"A%282%29+=+3500%281.11%29%5E%282%29\" \n" ); document.write( "
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