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Compound Interest

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GCSE Maths (Year 8 Number 1) Mind Map on Compound Interest, created by Ellen Billingham on 06/05/2013.
Ellen Billingham
Mind Map by Ellen Billingham, updated more than 1 year ago
Ellen Billingham
Created by Ellen Billingham over 11 years ago
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Resource summary

Compound Interest
  1. Jenny puts £300 in a bank and it earns 4% interest per annum. How much will she have after 3 years?
    1. Do the original amount x the multiplier^number of years
      1. 300 x (1.04)^3
        1. £337.46
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