andreealunguaa andreealunguaa
  • 07-10-2021
  • Mathematics
contestada



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?
60%

Respuesta :

jrhj510
jrhj510 jrhj510
  • 07-10-2021

Answer:

There would be 2,120 dollars in that account

Answer Link
anasweeney43 anasweeney43
  • 07-10-2021

Answer:

Step-by-step explanation:

A=P(1 - r/n)^nt

A = 5,000 (1 - 0.03/1)^(1)12)

A = 5,000 (1 - 0.03)^2

A = 5,000 (0.9)^2

A = $5,314.06

Answer Link

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