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How do you find out compound interest with £100, 2% and 5 months?

+1 vote
235 views asked Feb 12, 2015 by Crystel C a Novice (18 points)

2 Answers

+1 vote
 
Best answer

if it's compounded monthly, then

`(100 xx 1.02)^5`

answered Feb 28, 2015 by root r a Novice (29 points)
selected Mar 7, 2015 by Crystel C a
+1 vote

if it is compoundemonthly

(100x1.020

answered Mar 1, 2015 by Ellie S a Novice (48 points)

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