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If £2000 is placed in a bank account that pays 3% compound interest per year, How much will be in the account after 2 years? show your working out ?

If £2000 is placed in a bank account that pays 3% compound interest per year, How much will be in the account after 2 years? show your working out ?
asked 220k views
17 votes
If £2000 is placed in a bank account that pays 3% compound interest per year, How much will be in the account after 2 years?

show your working out ?

asked
User Brokkr
by
8.3k points

1 Answer

11 votes

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

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

answered
User Martin Barth
by
7.8k points
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