2 years ago

Ash invests £200 and gets 3% interest per year. How much will she have after 5 years?

Mathematics

1 answer:

Taya2010 [7]2 years ago

6 0

Answer:

£231.85

Step-by-step explanation:

→ Work out the decimal multiplier

( 3 + 100 ) ÷ 100 = 1.03

→ Multiply the initial investment by the multiplier raised to the power of years

200 × ( 1.03 )⁵ = £231.85

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