Algebra

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Suppose that P dollars are invested in a savings account at interest rate I, compounded annually, for 2 years. The amount A in the account after 2 years is given by A = P(1 + i)^2. Find an equivalent polynomial expression for A.

Please help if you can!

Thank you! :-)

  • Algebra -

    expand (1+i)^2

    (I don't know why anybody would want to do that in this case)

  • Question -

    Do you mean (1 + i)(1+ i)?

  • Intermediate Algebra -

    Find the amount of money in an account after 10 years if a principal of $2500 is invested at 3.5% invested compounded quartely.

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