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Patrick is in grade 11 and has worked at a restaurant for just over a year. At the end of each month, he deposited $350
Patrick is in grade 11 and has worked at a restaurant for just over a year. At the end of each month, he deposited $350 into an account that paid 2.75% interest per year, compounded monthly. a) How much is in Patrick's account after 1 year? b) If he continues, will the amount in his account after 2 years be double the answer to part a)? Without using a calculator, explain why or why not. c) Calculate the aunt that will batrick's account after 2 years.
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