## Algebra 2 (1st Edition)

$\approx2407$
The amount can be obtained by the formula $A=P(1+\frac{r}{n})^{nt}$ where $P$ is the initial amount and where $r$ is the annual interest rate which is compounded $n$ times per year over $t$ years. Hence here: $A=P(1+\frac{r}{n})^{nt}=2200(1+\frac{0.0225}{12})^{12\cdot4}\approx2407$