y=2000(1+0.02)8

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Solution for y=2000(1+0.02)8 equation: 


Simplifying
y = 2000(1 + 0.02) * 8

Combine like terms: 1 + 0.02 = 1.02
y = 2000(1.02) * 8

Multiply 2000 * 1.02
y = 2040 * 8

Multiply 2040 * 8
y = 16320

Solving
y = 16320

Solving for variable 'y'.

Move all terms containing y to the left, all other terms to the right.

Simplifying
y = 16320

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