72799
Description
Mind Map by Ellen Billingham, updated more than 1 year ago
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Created by Ellen Billingham
almost 11 years ago
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Compound Interest
- Jenny puts £300 in a bank and it earns 4% interest per annum. How much will she have after 3 years?
- Do the original amount x the multiplier^number of years
- 300 x (1.04)^3
- £337.46
- £337.46
- 300 x (1.04)^3
- Do the original amount x the multiplier^number of years
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