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Suppose you invest $850 in an account paying 2% interest per year. a. What is the balance in the account after 4 years? How much

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Suppose you invest $850 in an account paying 2% interest per year. a. What is the balance in the account after 4 years? How much of this balance corresponds to "interest on interest"? b. What is the balance in the account after 34 years? How much of this balance corresponds to "interest on interest"? a. What is the balance in the account after 4 years? The balance in the account (compound interest) after 4 years is $ (Round to the nearest cent.)

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