answer is 2720
solution below
First, converting R percent to r a decimal
r = R/100 = 4.5%/100 = 0.045 per year.
solving our equation:
A = 2000(1 + (0.045 × 8)) = 2720
A = $2,720.00
the total amount accrued, principal plus interest, from simple interest on a principal of $2,000.00 at a rate of 4.5% per year for 8 years is $2,720.00
