If $P is invested for n years at a rate / (as a decimal),

Last updated: 7/16/2022

If $P is invested for n years at a rate / (as a decimal), compounded annually, the future value that accrues is given by S = P(1 + i)", and the interest earned is I = S-P. Find S and I for the given P, n and i. (Round your answers to the nearest cent.) $1300 for 5 years at 11% S = $ I = $