Question

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?

Answer 1

2,120 or 2,121.8

Explanation:

It depends on the answers

3% of 2,000 is 60 dollars you add the 60 dollars to the bank account 2000 + 60 = 2060 3% of 2060 is 61.8