Question

Henry invested money into a bank account. Each year the money in the account earns 3% interest. After one year, the total amount of money in the account was £169.95 How much did Henry invest? please respond asap​

Answer 1

169.95 x .97 =164.8515

Answer 2

Answer: £164. 85

Explanation:

169.95/100 x 3/1

= 1.6995 x 3

Interest= 5, 0985

Therefore total investment a at 31st December

= 169.95 - 5, 0985

= £50,815