213 Marks 19/32 Marks
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?

2121.8

Step-by-step explanation:

The principal is 2000

Rate is 3%

Time is 2 years

Therefore the amount that will be present in the account after 2 years can be calculated as follows

= 2000 × (1+0.03)^2

= 2000 × 1.03^2

= 2000 × 1.0609

= 2121.8

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation:

answer: the correct answer is -32

step-by-step explanation: