Question

Simon invested an amount of money in a savings account at 0. 5% per annum compound interest. At the end of 3 years, the amount of money in the savings account was £12180. 90 work out how much money simon invested in the savings account.

Answer 1

Answer:4060.3

Explanation:

if  in a year he got 0.5% interest then in three years he got 1.5% interest then if 1.5%=12180.90 what about 0.5%