elliesomersxo elliesomersxo
  • 18-09-2021
  • Mathematics
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Ethan opens a new savings account.
The account has 3.5% compound interest per annum.
Ethan invests £2,000 into the account for 2 years.
How much money did Ethan have in the account after 2 years?

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methlank3
methlank3 methlank3
  • 18-09-2021

Answer:

$2070

Step-by-step explanation:

[tex] = 2000 \times (1 + \frac{3.5}{100})^{2} [/tex]

[tex] = 2070[/tex]

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