Explanation:
Donna
The simple interest formula is given below:
[tex]Simple\;Interest=\frac{Principal\times Rate\times Time}{100}[/tex]
Principal = $80,000, Rate = 3%
[tex]Interest=\frac{80000\times3\times1}{100}=\$2400[/tex]
The interest Donna earns for the first, second, and third years are each $2400.
Tony
1st Year
Principal = $80000, Interest Rate=3%
[tex]Interest=\frac{80000\times3\times1}{100}=\$2400[/tex]
2nd Year
Principal = 80000+2400=$82,400, Interest Rate = 3%
The interest for the second year will be:
[tex]Interest=\frac{82,400\times3\times1}{100}=\operatorname{\$}2,472[/tex]
3rd Year
Principal = 82,400+2472=$84,872
The interest for the third year will be:
[tex]Interest=\frac{84872\times3\times1}{100}=\operatorname{\$}2546.16[/tex]
Answer:
The completed table is attached below: