Answer:
£1054.729
Step-by-step explanation:
To find compound interest you need to use the equation 1000(1.027)^x.
To find the interest rate (1.027):
100 + 2.7 = 102.7
102.7 / 100 = 1.027
The value of x is the amount of months if no payment is made in this situation, so 2 would be the x value for this problem.
Hope this helps!
The answer is to this is 3/4
