Liam invests £80000 for 3 years in a high-interest account. He receives 3.1% compound interest per annum.
Calculate the total amount of interest Liam will receive after 3 years.
Practise AQA GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the AQA GCSE Maths (8300) specification and written in Paper 1, Paper 2 and Paper 3 style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.