Answer: £2530.64
Step-by-step explanation:
The formula for calculating amount is given as :
A = P[tex](1+r)^{n}[/tex]
Where :
A = amount
P = principal
r = rate%
n = number of years
Substituting the values of each into the equation we have
A = 2000[tex](1+0.04)^{6}[/tex]
A = 2000 ([tex]1.04^{6}[/tex])
A = 2530.638037
A ≈ £2530.64
