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21 December, 01:16

You deposit $2,000 at the end of each year into an account earning 2% interest compound annually. How much will you have in the account in 15 years?

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  1. 21 December, 02:46
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    Simple interest = $600

    Step-by-step explanation:

    In this word problem, we will need to find the simple interest.

    Formula:

    I = prt or I = p x r x t

    Simple interest: final answer

    I = (2,000) (.02) (15) multiply.

    I = 600

    Simple interest: $600
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