thomascrofts13 thomascrofts13

08-10-2020
Mathematics

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if £2000 is placed into a bank account at a compund intrest per year of 3%, how much money will there by after 2 years

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StarDolly07 StarDolly07

08-10-2020

Answer:

£2120

Step-by-step explanation:

First, you need to find 3% of £2000

£2000 ÷ 100 = 20

20 x 3 = £60

Since you gain £60 per year, you gain £120 for two years

£2000 + £120 =

£2120

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