Question

f

Answer 1

I believe the 1.9% is per year, so just be careful when you do it for 8 months, besides that, it should be the same formula.

Answer 2

ok thank you i got 3700.22

Answer 3

\[ y(t)=3631.23 \cdot 1.019^t \] and t should be 2/3 right?

Answer 4

then I get 3677.08

Answer 5

i did 3631.23(1+(0.019))

Answer 6

but that would be for one year, you try to get it for only eight months, t in this case is in years, because the saving account earns 1.9 percent per year, it's a bit lazy written in the text, but I am not aware of a bank that gives monthly interest.