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I invest 600 quid for 4 years at 5 percent interest per anum How much is there after the 4 years?
Wiki User
∙ 14y ago
After year 1 you would have £630, after year 2 this would have grown to £661.50, after year 3 it would be £694.58 and by the end of the 4th year the amount you would have would be £729.30Workings: Year 1 = 600 x 1.05 = 630 Year 2 = 630 x 1.05 = 661.50 Year 3 = 661.50 x 1.05 = 694.58 Year 4 = 694.58 x 1.05 = 729.30
Wiki User
∙ 14y ago
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