Answer:
Rounding to the nearest dollar, the amount in the account at the end of the third year will be $2,513.
Step-by-step explanation:
To calculate the amount in Joey's account at the end of the third year, we need to calculate the interest earned for each year and add it to the initial amount of $2,300. First, let's calculate the interest earned for each year: Year 1: $2,300 * 2% = $46 Year 2: ($2,300 + $46) * 3% = $69.42 Year 3: ($2,300 + $46 + $69.42) * 4% = $99.02 Now, let's add up the interest earned and the initial amount: $2,300 + $46 + $69.42 + $99.02 = $2,514.44
