Ask Question
11 July, 21:49

If £2000 is placed into a bank account that pay 3% compound interest per year how much will be in the account after 2 year

+1
Answers (1)
  1. 11 July, 23:45
    +1
    Use the compound amount formula:

    A = P (1+r) ^t

    Here, A = £2000 (1+0.03) ^2 = £2121.80 (answer)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If £2000 is placed into a bank account that pay 3% compound interest per year how much will be in the account after 2 year ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers