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?

The amount after 2 years in the bank will be $3,380.

Step-by-step explanation:

A = Amount after t time period

P = Principal amount

R = Interest rate

n = Number of times interest applied per time period

We have:

P = $2000

R =3%=0.03

n = 1

t = 2 years

The amount after 2 years in the bank will be $3,380.