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a high-interest savings account pays 5.5% interest compounded annually. if $300 is deposited initially and again at the first of each year, which summation represents the money in the account 10 years after the initial deposit?

Step-by-step explanation:

If $ 300 is deposited in an account which pays 5.5% interest compounded annually.

Then the amount after 1 year,

Similarly, In the second year the amount in his account,

=

In third year the amount in his account =  

In fourth year =

According to the question,

He repeat this process up to 10 years,

Hence, in the 10 years the amount in his account

= --------- up to 10 terms,

=

because its not ur topic and its not for is for homework not that.

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