Question

suppose you deposit $2,000 in savings account that pays interest at an annual rate of 5% how much will be in the account after 3 years?

Answer 1

It will be a 2,315.25
2000*5%=2100
2100*5%=2205
2205*5%=2,315.25

Answer 2

In this account it will be 2,315,25