Question

Harry invests £6000 in a savings account.

Answer 1

Step-by-step explanation:

here,

principal (p)=£6000

Rate (R)=. 3.4%

time (t)=3 yrs

now,

total investment is compound amount i.e CA

here,

$CA = p(1 + \frac{r}{100} ) ^{t}$

=£6000(1+3.4/100)^3

=£6633.044

here he will get his total investment as £6633.044 in compound interest of 3.4%