On January 1st Thomas deposited $2,000 into an interest bearing checking account. If he made no withdrawals, what was the total amount Thomas had in the checking account on December 31st of the same year?
i. Thomas deposited an additional $4,000 throughout the year
ii. The checking account earned 7 percent simple interest
i. Thomas deposited an additional $4,000 throughout the year
ii. The checking account earned 7 percent simple interest
