Hey i just need an answer and possibly a step by step thanks !!!

1517.54

Step-by-step explanation:

So we can divide solving this question into two parts: the 2% compound interest and the 5% compound interest.

We know that the compound interest equations is A = P(1+r/n)^nt where:

A is final amount

P is principal (initial) amount

r is interest rate

n is number times interest compounded

t is number of time periods

Given this, in the 2% compound we know:

A = ?

P = 1200

r = 2%

n = 1 (because it didn't say how many times compounded so we assume 1)

t = 2

This becomes:

A = 1200 (1 + (0.02/1))^ 1 * 2

A = 1248.48

Because we switching to 5% from 2%, we can assume that the final amount from the 2% will be the initial amount in the 5%. Thus:

A = ?

P = 1248.48

r = 5%

n = 1

t = 4 (because there were 6 years in total and we used 2 years for 2%)

This becomes:

A = 1248.48 (1 + (0.05/1))^ 1 * 4

A = 1517.54

this was already solved by me with a different person. if you look it up in the search bar at the top of the page, you will get the answer.

step-by-step explanation:

step-by-step explanation: