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 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.