simonexsoriano simonexsoriano

06-10-2021
Mathematics

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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?

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tysonoahu tysonoahu

06-10-2021

£2090.9 there will be that amount in the account in 2 years

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sandhyap88 sandhyap88

06-10-2021

Answer:

we gotta find compound amount here..

CA=compound amount

P=principal

R=rate of interest

T=time

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