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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?

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?
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11 votes
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?

asked
User Sanedroid
by
8.1k points

1 Answer

6 votes

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

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

answered
User Matt Doyle
by
8.2k points
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