Teresa deposits $6000 into a bank account that pays 2% every year. how much interest will be paid in the first 4 years?

60. Terese deposited $6 000 into a bank account that pay 2% every year How much will she earn if for the first 4 years: = > First Year 6 000 x 0.02 = > 120 = > 6 000 + 120 = 6 120 = > Second Year the money is 6 120 = > 6 120 *.02 = 122.4 = > 6 120 + 122.4 = > 6 242.4 = > For the third year the money is 6 242.4 = > 6 242.4 x 0.02 = 124.848 = > 6 242.4 + 124.848 = > 6 367.248 = > And for the 4th year = > 6 367.248 *.02 = 127.34 = > 6 494.6 So his money will be 6 494.6 dollars.