IDNLearn.com connects you with experts who provide accurate and reliable answers. Ask anything and get well-informed, reliable answers from our knowledgeable community members.

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?
3%OF £2000=£60
60X2=£120
£2000+£120=£2120