Answer:
£2122.42
Step-by-step explanation:
To find the answer, use the compound interest formula:
A = P ( 1 + (r/n) ) ^ (n*t)
A = 2,000 ( 1 + (0.02/1) ) ^ (1*3)
A = 2,000 ( 1 + 0.02 ) ^ 3
A = 2,000 ( 1.02 ) ^ 3
A = 2,000 ( 1.061208 )
A = about 2122.2 pounds
Okay THIS is right. I'm so sorry.
