Register

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

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
User Pigouina
by
8.3k points
← Prev Question Next Question →

Related questions

User Cantfindname
asked Aug 1, 2017 17.5k views
Work out the balance for £3000 invested for 3 years at 5% per annum
Cantfindname asked Aug 1, 2017
by Cantfindname
7.8k points
1 answer
0 votes
17.5k views
User Subtleseeker
asked Aug 26, 2019 69.5k views
Work out the balance for £3000 invested for 3 years at 5% per annum. Thank you
Subtleseeker asked Aug 26, 2019
by Subtleseeker
8.4k points
2 answers
3 votes
69.5k views
User Pykler
asked Dec 5, 2022 13.4k views
£3000 is invested at 4% compound interest per annum. What is the value of the investment after 3 years?
Pykler asked Dec 5, 2022
by Pykler
7.8k points
1 answer
7 votes
13.4k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!