Question

Jon deposits $2000 into his account and pays at a rate of 4% per year. how much will he be paid in 3 years

Answer 1

the answer is 240

because 4% of 2000 is 80 so you just times 80 by 3 then you get 240

Answer 2

He will be paid $5,760.
$2000*.04=80
80*3=240
2000*3=6000
6000-240=5760.
Hope this helps :)