3. Suppose you deposit $2000 in a savings account that pays

Last updated: 7/6/2022

3. Suppose you deposit $2000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn from the account, answer the following questions. Show your work. a. How much money will be in the account after 3 years? b. How many years will it take for the account to contain $3000?