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5 May, 18:58

Loren puts £600 in a bank account.

The account pays 3% compound interest each year after ONE year she withdraws £200.

How much will she have in the account after 2 years?

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Answers (2)
  1. 5 May, 20:57
    0
    600 (1+0.03) = 618-200=418 (1+0.03) = 430.54
  2. 5 May, 22:45
    0
    600 (1+0.03) = 618-200=418 (1+0.03) = 430.54
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