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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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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
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1 Answer

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