1. **State the problem:** A customer deposits 24000 in an account with an 8% per annum compound interest rate. We need to find the total amount in the account after 2 years. 2. **Formula used:** The compound interest formula is $$A = P \left(1 + \frac{r}{100}\right)^n$$ where: - $A$ is the amount after $n$ years - $P$ is the principal amount (initial deposit) - $r$ is the annual interest rate (in %) - $n$ is the number of years 3. **Substitute the values:** $$A = 24000 \left(1 + \frac{8}{100}\right)^2$$ 4. **Simplify inside the parentheses:** $$A = 24000 \left(1 + 0.08\right)^2 = 24000 \times 1.08^2$$ 5. **Calculate the power:** $$1.08^2 = 1.08 \times 1.08 = 1.1664$$ 6. **Calculate the total amount:** $$A = 24000 \times 1.1664 = 27993.6$$ 7. **Final answer:** The total amount in the account at the end of 2 years is **27993.6**.