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

User Merly
by
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£3472.88

100%+5%=105%=1.05

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