The function,f(t)

, describes the amount of money you would have in a savings account aftert

years under the following assumptions:

1. Att=0
2. , you initially have $400 in your savings account.
3. Your account earns 1.1% interest annually.
4. Your bank compounds interestdaily.

f(t)=400(1+0.011/365)

365t

How much money would you have in your savings balance after 3 years using the assumptions above?

$

(Round to the nearest cent)

How much interest would you have earned by leaving your money in your savings account for 3 years?

$

(Round to the nearest cent)