Sarah puts £1200 into a fixed-rate bond for 3 years. The bond pays 4% per annum compound interest.
Work out the total value of Sarah's investment at the end of the 3 years.
Practise OCR GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the OCR GCSE Maths (J560) specification and written in the written papers 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.