In this problem we can use the Hint, that is a equation that models this problem, where y is the total money that you have in your account, nd x is the number of years that have passed and a in the initial money you deposit, and r are the interest so:
[tex]\begin{gathered} Y=1000(1+0.02)^2 \\ Y=1040.40 \end{gathered}[/tex]SO in 20 years you will have $1040.40 dollars
