Answer:
$23896
Step-by-step explanation:
1) Multiply 20,600 x .08 because 8% is added yearly. That's 1,648.
2) Multiply that answer by 2 since the amount is compounded for two years. 1,648 x 2 = 3,296.
3) Add the interest and original amount together. 3,296 + 20,600 = $23896
