💯 Maths

# 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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Answered May 18Maths

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Imdad AhadBackend Developer | Worked for GOV UK Notify, BT, Shell, GE | BSc Comp Sci164 students helped

Compound interest works by adding interest on top of what you already have. In this case, you would start by looking at your current balance which i