Answer:
1
Step-by-step explanation:
The difference of 12 and 9 is 12 - 9 = 3
Then 3 ÷ 3 = 1
Answer:
£2,121.80
Step-by-step explanation:
To solve this problem, we can use the compound interest formula:

<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
<em />
First, change 3% into a decimal:
3% ->
-> 0.03
Now, plug in the values:


Your answer is £2,121.80