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
.