The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Answer parts​ (a) and​ (b).
Principal
Rate
Compounded
Time
$ 2000
0.4 %
quarterly
3 years
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Part 1
a. Find how much money there will be in the account after the given number of years.
The amount of money in the account after 3 years is ​$

enter your response here.
​(Round to the nearest cent as​ needed.)
Part 2
b. Find the interest earned.
The amount of interest earned is ​$

enter your response here.
​(Round to the nearest cent as​ needed.)