2. A bank representative studies compound interest, so she can better serve customers. She
analyzes what happens when $2,000 earns interest several different ways at a rate of 2% for 3
years.
a. Find the interest if it is computed using simple interest.
$
LA
c. Find the interest if it is compounded continuously.
$
d. What is the difference in total interest if computed using simple interest or if compounded
continuously?