to save for a motercyle, abdul deposited $2000 into an account that earned simple interest at 5.4% per year. how much more would the investmennt earn in 3 years if it was invested at 5.4% per year, compounded anually?

Answer 1

20000*(1+.054*3) = 23240
20000*1.054^3 = 23418

subtract to find the difference