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Tara invested his savings into a Registered Retirement Savings Plan ( RRSP ) at an interest rate of 3 . 7 5 % compounded semi

Tara invested his savings into a Registered Retirement Savings Plan (RRSP) at an interest rate of 3.75% compounded semi-annually. After one year, his investment grew to $24,600; however, the interest rate on the RRSP changed to 4.00% compounded quarterly and remained constant for the next two years.
a. Calculate the original amount he invested into the RRSP.
$
$0.00
Round to the nearest cent
b. Calculate the accumulated value of the investment at the end of three years (two years after the rate change).
$
$0.00
Round to the nearest cent

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