1. a. You deposit $2000 earned at a summer job in an account that pays 4.2% simple in- terest. What is the balance in the account in 3 years? b. Determine the balance in 3 years if the $2000 is deposited

1. a. You deposit $2000 earned at a summer job in an account that pays 4.2% simple in-

terest. What is the balance in the account in 3 years?
b. Determine the balance in 3 years if the $2000 is deposited in an account that pays
4.2% compounded quarterly,

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1. a. You deposit $2000 earned at a summer job in an account that pays 4.2% simple in- terest. What is the balance in the account in 3 years? b. Determine the balance in 3 years…

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