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£300 is deposited in a bank paying 2.25% compound interest per annum. What is the balance after 2 years?

£300 is deposited in a bank paying 2.25% compound interest per annum. What is the balance after 2 years?
asked 36.2k views
18 votes
£300 is deposited in a bank paying 2.25% compound interest per annum.

What is the balance after 2 years?

asked
User Strawberryshrub
by
8.0k points

1 Answer

7 votes
i think it might be £168.75 or £468.75. is the money increasing or decreasing?
answered
User CKM
by
8.4k points
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