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Work out the balance for £3000 invested for 3 years at 5% per annum

Work out the balance for £3000 invested for 3 years at 5% per annum
asked 58.7k views
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Work out the balance for £3000 invested for 3 years at 5% per annum

asked
User Merly
by
7.6k points

1 Answer

2 votes
£3472.88

100%+5%=105%=1.05

3000 x 1.05^3=£3472.875 rounded its £3472.88
answered
User Pigouina
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