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Claire invests £200 000 in a savings account for 4 years. The account pays compound interest at a rate of 1.6% per annum. Calculate the total amount of interest Claire will get at the end of 4 years.
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Claire invests £200 000 in a savings account for 4 years.

The account pays compound interest at a rate of 1.6% per annum.
Calculate the total amount of interest Claire will get at the end of 4 years.

User Chaggy
by
8.2k points

2 Answers

4 votes

Answer:

125,000

Explanation:

125,000 is the answer

User Aestrro
by
7.4k points
4 votes

Answer:

125,000 is the correct answer

User Galatians
by
8.1k points
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