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

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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 ?

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11 votes

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

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

Martin Barth answered Dec 5, 2023

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