£600 is deposited in a bank paying 1.25% compound interest per annum. What is the balance after 3 years
+37170 Fv =Pv(1+i)^n
Fv = Future value Pv = present value i = interest (decimal form) per period n= number of periods
Fv = 600 (1 + .0125)^3 = L 622.78
