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?

asked Mar 21, 2018 128k views

5 votes

by Gata

5.4k points

Please log in or register to add a comment.

2 votes

A=p(1+r)^t
A=2,000×(1+0.03)^(2)
A=2,121.8

Ben Farmer answered Mar 27, 2018

6.1k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers