4400 dollars is placed in an account with an annual interest rate of 8.25%. how much will be in the account after 22 years, to the nearest cent?

The amount that will be in the account after 22 years is $12386.

Given,

4400 dollars is placed in an account with an annual interest rate of 8.25% for 22 years.

Therefore,

Principal = $4400

Rate = 8.25 %

Time = 22 years

The formula for finding the simple interest (I) is formulated below:

Therefore, the interest value is $7986 and the principal value is $4400. Amount in the account will be the addition of interest value and principal value.

Thus,

The amount that will be in the account after 22 years is $12386.

To know more about the interest, please refer to the link:

link