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Compound Interest
Description
GCSE Maths (Year 8 Number 1) Mind Map on Compound Interest, created by Ellen Billingham on 06/05/2013.
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maths
year 8 number 1
maths
year 8 number 1
gcse
Mind Map by
Ellen Billingham
, updated more than 1 year ago
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Created by
Ellen Billingham
over 11 years ago
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Resource summary
Compound Interest
Jenny puts £300 in a bank and it earns 4% interest per annum. How much will she have after 3 years?
Do the original amount x the multiplier^number of years
300 x (1.04)^3
£337.46
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