Answer:
After 2 years, there will be £ 2,121.80 in the account.
Step-by-step explanation:
Since £ 2000 was put into a bank account that pays 3% compound intrest per year, to determine how much will be in the account after 2 years the following calculation must be performed:
2000 x (1 + 0.03 / 1) ^ 1x2 = X
2000 x 1.03 ^ 2 = X
2,121.8 = X
Therefore, after 2 years, there will be £ 2,121.80 in the account.
