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21-12-2020
Mathematics

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Peter invests £3000 for 2 years in a saving account. He was paid 3% per annum compound interest. How much did Peter have in his savings account after 2 years?

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suezane suezane

31-12-2020

Answer:

£3182.7

Step-by-step explanation:

£3000=100%

? =3%

3×3000/100

=£90

£(3000+90)=£3090(1st year)

£3090=100%

? =3%

3×3090/100=£3182.7

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