Exam-Style Question on Finance
A mathematics exam-style question with a worked solution that can be revealed gradually
Question id: 529. This question is similar to one that appeared on a GCSE Higher paper in 2019. The use of a calculator is allowed.
Elaine invests £150 000 in a savings account for six years.
The account pays compound interest at a rate of 1.2% per annum.
Calculate the total amount of interest Elaine will get at the end of the six years to the nearest pound.
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