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David invests £5000 in a savings account. The account pays 3.2% compound interest per year. Works out the value of his investment after 3 years. Give your answer to the nearest penny.
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David invests £5000 in a savings account.

The account pays 3.2% compound interest per year.

Works out the value of his investment after 3 years.
Give your answer to the nearest penny.

User Wobbles
by
7.8k points

1 Answer

6 votes
5000(1+0.032)^3==5,495.52
User Holger Sindbaek
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8.7k points
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