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HELPPP PLSSSSSSSSSSSSSSSS!!!!!!

HELPPP PLSSSSSSSSSSSSSSSS!!!!!!-example-1
User Nick Benes
by
6.7k points

1 Answer

5 votes

Answer:

£6633.04

Explanation:

Compound interest is worked out by using decimal multipliers on a calculator basically,

so,

6000 x 1.034 (because 3.4% = 0.034)

but you want it for three years so you would do

6000 x 1.034 x 1.034 x 1.034

hope that helped

User Kevin Swiber
by
7.0k points
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