The amount in the account at the end of 8 years will be $2,737.12.
To understand the calculations, check below.
Compound interest:
The compound interest amount is given as,
[tex]Amount=P*(1+\frac{r}{100} )^{n}[/tex]
Where P is principal , r is rate and n is times.
It is given that,
[tex]P=\$2,000, r=4\%, t=8 years[/tex]
[tex]Amount=2,000*(1+\frac{4}{100} )^{8}\\\\Amount=2000*(\frac{104}{100} )^{8} \\\\Amount=\$ 2,737.12[/tex]
Learn more about the compound interest here:
https://brainly.com/question/24924853
