This may be a simple interest computation.
Simple Interest = Principal * interest rate * term
Principal = 1,000
interest rate = 3%
term = 2 years
Simple Interest = 1,000 * 0.03 * 2
Simple Interest = 60
Total Amount after 2 years: 1,000 + 60 = 1,060
<span>8388608000. you will have to keep multiplying 2 24 times.</span>
Answer: B
Step-by-step explanation:
