Question

Josh put £14.600 in a savings account. he was paid 9.8% per annum compound interest for 12 years. how much was in his account after 12 years? please answer I really need it thank you!!

Answer 1

£44,831.26

Explanation:

14600 × (1 + 9.8/100)¹²

14600 × (1.098)¹²

44831.25918