Find the saving account balance be after
years.
The compound interest formula is
.
If compound interest is bimonthly then
.
Here,
and
.
Find the total amount.
\
(Compound interest formula)
(Substitute
and
)
(Multiply exponents)
(Simplify)
(Addition)
(Use caluculator:
)
(Multiply)
Therefore, saving account balance be after
years
.
The saving account balance be after
years
.