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Anna invest £400 in a bank account paying 3% compound interest per anuum work out how much is in the account atfer 5 years

Anna invest £400 in a bank account paying 3% compound interest per anuum work out how much is in the account atfer 5 years
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3 votes
anna invest £400 in a bank account paying 3% compound interest per anuum work out how much is in the account atfer 5 years

User Ali Ganjbakhsh
by
7.1k points

1 Answer

5 votes

Answer:

463.71 (2dp)

Explanation:

400×1.03⁵=463.71

User Weilory
by
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