Mathematics for IGCSE & O level - Percentages (Section 5 - No. 22)
Craig puts $240 into a savings account that earns compound interest of 6% annually. What will his savings be worth after 3 years?
$285.29
$280.00
$280.00
$286.21
Paliwanag
A = P(1 + r/100)^n = 240 * (1 + 6/100)^3 = $285.29