€2000 is invested for 4 years at 2.8% p.a

Other · Multi-part · AoPS · Mathematics · Follow the Rules · Ratios and Percents

Problem

€2000 is invested for 4 years at 2.8% p.a. interest compounded annually. (1) What will it amount to at the end of this period? (2) How much interest has been earned?

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