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Mel invests £6400 for 5 years in a saving account. She gets 3% per annum compound interest. How much money will she have in the account at the end of 5 years

Mel invests £6400 for 5 years in a saving account. She gets 3% per annum compound interest. How much money will she have in the account at the end of 5 years
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3 votes
Mel invests £6400 for 5 years in a saving account. She gets 3% per annum compound interest. How much money will she have in the account at the end of 5 years

asked
User Wang Sheng
by
8.0k points

1 Answer

7 votes

Answer:

6400*3/100 *5 960

7360

Explanation:

6400*103/100*5

answered
User MarcFasel
by
8.6k points
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