Question

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?

Answer 1

Answer:

$2070

Step-by-step explanation:

$= 2000 \times (1 + \frac{3.5}{100})^{2}$

$= 2070$