What is the total interest earned in two years on an account containing $500 at 3.5% interest, compounded annually?

$35.6125

Step-by-step explanation:

3.5% = 0.035

Let's find the deposit amount with interest at the end of the first year:

500 + 500 · 0.035 = 517.5

Let's find the amount of the deposit with interest at the end of the second year:

517.5 + 517.5  · 0.035 = 535.6125

Find the total interest earned over two years:

535.6125 - 500 = 35.6125

step-by-step explanation:

answer: h=5.6 i don't really know how to put into words, so i though i would let you do that. i hope i was able to some

step-by-step explanation:

18 = 6(h)+1/2

18 = 6h+1/2

18-1 = 6h/2

17 = 3h

17/3 = h

h = 5.6