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

Question

just give me the exact answer no need of explaining . thanks

Answer 1

Enzo, the purpose of this forum is not to give out answers, but to help you understand how to solve the problem.

Compounded annually:  Account Balance = Principal x (1 + interest rate (decimal))^number of years.  With the given information this is:  2000 (1.03)^2 = 2,121.80.  So you will earn 121.80 in interest after 2 years on your original 2000 deposit.