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Safuratu invests £300 into her bank account. She receives 0.5% per year compound interest. How much will Safuratu have in total after 6 years? Give your answer to the nearest penny.
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Safuratu invests £300 into her bank account. She receives 0.5% per year compound interest. How much will Safuratu have in total after 6 years? Give your answer to the nearest penny.

User Sid S
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3.5k points

1 Answer

5 votes
Im Going To Guess £1200
£300 x 0.5 = £150
£150 x 6 = £900
£900 + £300 = £1200
User Angmerica
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3.3k points
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