hannahadedeji hannahadedeji

07-05-2020
Mathematics

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

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OfficialRoytriever OfficialRoytriever

07-05-2020

Principal Balance: 2000

Compound Interest: 3%

Type: Yearly

2000 x 1.03 = 2060

Year 1 : £2060

2060 x 1.03 = 2121.8

Year 2: £2121.8

There will be £2,121.80 in the account after 2 years.

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fazeinnnocents58 fazeinnnocents58

07-05-2020

Answer:okStep-by-step explanation:

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