Determining the cash bonus in bank? savings account, Finance Basics

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Determining the cash bonus in bank? savings account

Assignment Problem: 7 years? ago, you invested $1,891 in a? 15-year savings account at Bank A. Bank B? - which offers 1.3times the rate that Bank A offers? - is offering new customers a? 10% cash bonus when they switch from other banks. The current balance in your savings account at Bank A is? $2,936.39. You decide to withdraw the entire balance from Bank A and put the amount and the cash bonus in Bank? B's savings account. How much will you have after 8 years?

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