a. You deposit $2,400 in your bank account. If the bank pays 5% simple interest, how much will you accumulate in your account after 8 years? Future value $ 3360 b. What if the bank pays compound interest (annually)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Compound interest inere sound $3545.89 $ 3545.89 c. How much of your earnings will be interest on interest? (Round your answer to 2 decimal places.) Interest on interest $ 185.89