We have the next formula
[tex]A=P\mleft(1+\frac{r}{n}\mright)^{nt}[/tex]A is the amount
P is the principal
r is the rate
t is the time
n is number of periods
In our case
P=817
r=2%
t=2 years
n=1
We substitute the values
[tex]A=817(1+\frac{0.02}{1})^{1(2)}=$850.01$[/tex]Amount: $850.01
Interest: $33.01
