Deon deposits $3000 into an account that pays simple interest at an annual rate of 2%. He does not make any more deposits. He makes no withdrawals until the end of 4 years when he withdraws all the money.
Answer the following questions. If necessary, refer to the list of financial formulas.
Х
?
(a) How much total interest will Deon earn?
si
(b) What will the total amount in the account be (including interest)?
si