A person puts $5600 in a bank for two years. Each year he earns interest of 7% of the original amount deposited. How much will this person have in the bank after two years? Let's think step by step and output the final answer after "####".
user
The interest that this person will get equals $5600 * 7%/year * 2 years = $<<5600*7*.01*2=784>>784.
After two years the amount found at the bank is $5600 + $784 = $<<5600+784=6384>>6384.
#### 6384
A person puts $5600 in a bank for two years. Each year he earns interest of 7% of the original amount deposited. How much will this person have in the bank after two years?
train