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A bank offers an investment account with an annual interest rate of 1.15% compounded monthly. Amanda invests $3800 into the account for 2 years. Answer

A bank offers an investment account with an annual interest rate of 1.15% compounded monthly. Amanda invests

$3800 into the account for 2 years. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent.

(a) Assuming no withdrawals are made, how much money is in Amanda's account after 2 years?

$

(b) How much interest is earned on Amanda's investment after 2 years?

$

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