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Sian invests £7000 for 3 years at 4% per annum compound interest. Find the compound interest earned in the 3 years. ​

Sian invests £7000 for 3 years at 4% per annum compound interest. Find the compound interest earned in the 3 years. ​
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3 votes
Sian invests £7000 for 3 years at 4% per annum compound interest. Find the compound interest earned in the 3 years. ​

User Kanini
by
7.8k points

1 Answer

7 votes

Answer:

840.

Explanation:

4%of £7000=£280

£280 x 3(years)=£840

User Kabangi Julius
by
8.2k points
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