Register

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?

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?
128k views
5 votes
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?

User Gata
by
7.7k points

1 Answer

2 votes
A=p(1+r)^t
A=2,000×(1+0.03)^(2)
A=2,121.8
User Ben Farmer
by
7.8k points
← Prev Question Next Question →

Related questions

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!