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The amount in the account after 3 years could be calculated as 1040.40+1040.40(0.02) or 1040.40(1.02). Or, we could use the same approach shown above and

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The amount in the account after 3 years could be calculated as 1040.40+1040.40(0.02) or 1040.40(1.02). Or, we could use the same approach shown above and replace the 1040.40 with the expression for the value after 2 years you found in the previous problems. Make that replacement, then try to write it more compactly using exponents. Hint: If you get stuck, we'll offer some hints Question Help: D Post to forum

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