197k views
13 votes
HELPPP PLSSSSSSSSSSSSSSSS!!!!!!

HELPPP PLSSSSSSSSSSSSSSSS!!!!!!-example-1
User Nick Benes
by
8.1k 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
8.4k points

Related questions

asked Mar 23, 2024 131k views
VineFreeman asked Mar 23, 2024
by VineFreeman
7.9k points
1 answer
1 vote
131k views
asked Sep 11, 2024 156k views
Nulltorpedo asked Sep 11, 2024
by Nulltorpedo
8.2k points
1 answer
2 votes
156k views
asked Jan 13, 2024 63.1k views
Mikael G asked Jan 13, 2024
by Mikael G
8.2k points
1 answer
5 votes
63.1k views
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.