GCSE Maths Practice: growth-and-decay

Question 7 of 10

Calculate total after 2 years at 4% compound interest.

‹ ›

\( \begin{array}{l} \text{£500 invested at 4% compound interest per year.} \\ \text{Total after 2 years?} \end{array} \)

Choose one option:

\( \text{£540.80} \) \( \text{£540.00} \) \( \text{£520.00} \) \( \text{£530.40} \)

Check each multiplication carefully.

Use Total = Principal × (1 + rate)^years.