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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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