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Yearly compound interest is given by the following formula:



A is the total amount after the time period elapses. P is the initial amount invested. r is the interest rate in decimal form, and t is the amount of years that elapse.

The interest rate is 1.5%. Divide by 100 to convert into a decimal:



We now have all of our values to plug into the equation:





After 2 years, Mary will have 12,362.70 euros in her account.

To find the value of the investment, subtract the original amount from the new amount:



The value of the investment is £362.70.