Answer:£2121.8
Step-by-step explanation:
Given
Principal money [tex]P=[/tex]£2000
rate of interest is [tex]R=3\%[/tex]
time period [tex]T=2\ yr[/tex]
The amount by compound interest is given by
[tex]A=P[1+\frac{R}{100}]^T[/tex]
Putting values
[tex]\Rightarrow A=2000[1+0.03]^2\\\Rightarrow A=2121.8[/tex]
So, after two years it will be £2121.8