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dimaraw [331]
3 years ago
10

If £2000 is placed into a ban account that pays 3% compound interest per year how much will be in the account after 2 years

Mathematics
1 answer:
NikAS [45]3 years ago
6 0

Answer:£2121.8

Step-by-step explanation:

Given

Principal money P=£2000

rate of interest is  R=3\%

time period T=2\ yr

The amount by compound interest is given by

A=P[1+\frac{R}{100}]^T

Putting values

\Rightarrow A=2000[1+0.03]^2\\\Rightarrow A=2121.8

So, after two years it will be £2121.8

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Step 1

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step 2

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Part A: The y-coordinate when x=0 is 6. So, the y-intercept is 6

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Part D:The equation for a line is y=mx+b, where m is the slope and b is the y-intercept. For plant B, the slope is 3/2 and the y-intercept is 4. So, the equation for the line is y= 3/2x+4.

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U = C(1 + rt) solve for t​
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Answer:

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Step-by-step Explanation

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