Compound Interest

• How much did James have in his savings account after 3 years - to 2dp?

  4294.97

  
• How much INTEREST (Extra money) does Alice earn over the 2 years?

  £ 90.81

  
• Work out the value of n

  n = 5

  
• Work out the value of x to 2dp?

  x = 2.4 %

  
• Work out the value of x to 2dp ?

  x = 1.8 %