Tyler has earned money by helping out on a neighbor's farm and now wants to put his earnings in
a savings account. He is a bit confused on the different interest options available and how each
will impact the amount he has after several years. Help Tyler better understand by showing him
how his money will increase in an account that uses simple interest and one that uses compound
interest over a specified period of time.




Please help! Deadline today!!! Chart goes all the way down to 5!!!! MARKING BRAINLIEST

Tyler has earned money by helping out on a neighbors farm and now wants to put his earnings in a savings account He is a bit confused on the different interest class=

Respuesta :

Answer:

2720.98

Step-by-step explanation:

for problem 2a.

principal:2000

interest:8%, or 160

first compound: 2,160

second compound: 1.08*2,160=2332.8

third compound: 1.08*2332.8=2519.42

fourth compound: 1.08*2519.42=2720.98