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

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

If £2000 is put into a bank account that pays 3% compound interest per year. How much-example-1
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User Lulijeta
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1 Answer

3 votes
A=P(1+r/n)^nt
Answer: £2,121.80
If £2000 is put into a bank account that pays 3% compound interest per year. How much-example-1
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User Mettleap
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7.9k points
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