Answer:
Amy will have £240 in her account.
Explanation:
To calculate the amount of money Amy will have in her account after 2 years, we can use the formula:
A = P(1 + rt)
Where:
A = the total amount of money in the account after 2 years
P = the principal (the initial amount of money invested)
r = the interest rate (as a decimal)
t = the time in years
In this case, Amy invested £200 at an interest rate of 10% per year for 2 years. We can plug in these values into the formula and solve for A:
A = 200(1 + 0.1 × 2)
A = 200(1.2)
A = £240
Therefore, after 2 years, Amy will have £240 in her account.