Question

£150 is invested at 5% compound interest for 2 years. How much will be in the account at the end of the investment?

Answer 1

165

Explanation:

5% of 150 british pounds = 7.5 British pounds

2 years = 7.5 BS per year

7.5 + 7.5

= 15 british pounds

15 british pounds + 150 british pounds =

165 british pounds