Question

Safuratu invests £300 into her bank account. She receives 0.5% per year compound interest. How much will Safuratu have in total after 6 years? Give your answer to the nearest penny.

Answer 1

Im Going To Guess £1200
£300 x 0.5 = £150
£150 x 6 = £900
£900 + £300 = £1200