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If 2000 is placed into a bank account that pays 3% compond interest per year, how much will be in the account after 2 years
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9 votes
If 2000 is placed into a bank account that pays 3% compond interest per year, how much will be in the account after 2 years

User Avram Score
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1 Answer

9 votes

Answer:

Interest =(Principle ×Rate×Time)/100

=(2000×3×2)/100

=$120

Total money in the account=$120+$2000

=$2120

Explanation:

User Georg Kastenhofer
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