Question

Mason invests £1500 at 2.5% per year compound interest.
Work out the value of Mason's investment at the end of 3 years.

I know the answer is 1615.34 I need the working out :/​

Answer 1

Step-by-step explanation:

1500(1+2.5/100)^3

or do 100+2.5=102.5

102.5÷100=1.025

1500×1.025^3