Math Problem Solver

Find the amount A accumulated after investing a principal P for n years at an interest rate r compounded​ annually, and for simple interest at the same rate r.

Pequals​$2200​, requals4​%, tequals3Question content area bottomPart 1With interest compounded​ annually, the amount accumulated is equal to ​$

  

2474.70.

​(Simplify your answer. Round to the nearest cent as​ needed.)

Part 2

With simple​ interest, the accumulated value is equal to ​$  ​(Simplify your answer. Round to the nearest cent as​ needed.)