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NARA [144]
3 years ago
7

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

Mathematics
1 answer:
zalisa [80]3 years ago
6 0
Use the compound amount formula:

A = P(1+r)^t

Here, A = £2000 (1+0.03)^2 = <span>£2121.80 (answer)</span>
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When multiplying numbers in scientific notation you blank the coefficients and substract the exponents?
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2.3\times10^5\times3.5\times10^7

Rearranging the expression, we can group the exponents and coefficients together:

2.3\times3.5\times10^5\times10^7

Multiplying each out, we notice that since 10^5 and 10^7 have the same base (10), multiplying them has the effect of adding their exponents, which leaves us with:

2.3\times3.5\times10^{5+7}=8.05\times10^{12}

The takeaway here is that multiplying two numbers in scientific notation together has the effect of multiplying its coefficients and <em>adding</em> its exponents.
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