zpirani2007 zpirani2007

19-09-2021
Mathematics

contestada

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

Respuesta :

19-09-2021

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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