Explanation:
here,
principal (p)=£6000
Rate (R)=. 3.4%
time (t)=3 yrs
now,
total investment is compound amount i.e CA
=£6000(1+3.4/100)^3
=£6633.044
here he will get his total investment as £6633.044 in compound interest of 3.4%
4.5m questions
5.7m answers