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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 two years

If £2000 is placed into a bank account that pays 3% compound interest per year how much will be in the account after two years
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1 vote
If £2000 is placed into a bank account that pays 3% compound interest per year how much will be in the account after two years

asked
User Swydell
by
8.3k points

1 Answer

7 votes

Answer:

£2121.8

Explanation:

2000 X 1.03 X 1.03 = 2121.8

answered
User Jmuhire
by
8.5k points
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