lpowellxx lpowellxx

05-11-2019
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?

Respuesta :

warrenmoncaster35 warrenmoncaster35

05-11-2019

Answer:

£2121.80 he would have earned £121.80

Step-by-step explanation:

2000 × 1.03 = £2060

2060 × 1.03 = £2121.80

(2 Year's)

£2121.80 - £2000 = £121.80

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