Question

Freddie invests £6600 in an account that pays 3 % compound interest per annum for the two years, then 1 % . Work out how much money Freddie will have in his account in 8 years.

Answer 1

Answer:

Step-by-step explanation:

3% of 6600 = 198

1% or 6600 = 66

6600 + 198 + 198 + 66 + 66 + 66 + 66 + 66 + 66 = 7392