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12 votes
12 votes
HELPPP PLSSSSSSSSSSSSSSSS!!!!!!

HELPPP PLSSSSSSSSSSSSSSSS!!!!!!-example-1
User Fedterzi
by
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1 Answer

20 votes
20 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 Smcstewart
by
2.7k points