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3 years ago

6

if £2000 is placed into a bank account that pays 3% compound interest per year, how much will be in the bank account after 2 yea

rs?

1 answer:

Vlad [161]3 years ago

6 0

100% + 3% = 103%

103% ÷ 100% = 1.03%

2000 x 1.03% squared = 2121.8

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Hi there!

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