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12 May, 20:43

Heather invests £900 for 3 years at 2% per annum compound interest. Calculate the value of her investment at the end of 3 years.

Give your answer to the nearest penny

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Answers (2)
  1. 12 May, 23:36
    0
    900 (1+0.02) ^3=955.09
  2. 13 May, 00:34
    0
    I = PRT

    I = 900 x 2% x 3

    I = 900 x. 02 x 3

    I = 18 x 3

    I = 54

    So, total it would be £954. (all I copy and pasted was the £)
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