talia3107 talia3107

15-01-2021
Mathematics

contestada

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?

Respuesta :

ashmsoccer ashmsoccer

15-01-2021

100% + 3% = 103%
103% ÷ 100% = 1.03%
2000 x 1.03% squared = 2121.8

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