Compound Interest

Ellen Billingham
Mind Map by , created over 6 years ago

GCSE Maths (Year 8 Number 1) Mind Map on Compound Interest, created by Ellen Billingham on 05/06/2013.

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Ellen Billingham
Created by Ellen Billingham over 6 years ago
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Compound Interest
1 Jenny puts £300 in a bank and it earns 4% interest per annum. How much will she have after 3 years?
1.1 Do the original amount x the multiplier^number of years
1.1.1 300 x (1.04)^3
1.1.1.1 £337.46

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