If £2000 is placed in a bank account that pays 3% compound interest per year, How much will be in the account after 2 years? show your working out ?

asked Nov 28, 2023 220k views

17 votes

If £2000 is placed in a bank account that pays 3% compound interest per year, How much will be in the account after 2 years?

show your working out ?

7.8k points

Please log in or register to add a comment.

11 votes

£2000-------------£2060-------------£2121.8

Start-----------After 1 Year-----After 2 Years

Martin Barth answered Dec 5, 2023

7.6k points

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

9.0m questions

11.6m answers