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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? 3

Question

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?

3%OF £2000=£60

60X2=£120

£2000+£120=£2120

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Mathematics
3 years
2021-07-31T20:38:29+00:00
2021-07-31T20:38:29+00:00 1 Answers
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## Answers ( )

£2000 * (1+3/100)^2

= £2120.8 after 2 years