Henry invested money into a bank account. Each year the money in the account earns 3% interest. After one year, the total amount of money in the account was £169.95 How much did Henry invest?
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step by step explanation:
169-95/100 x3/1 = 1.6995x3
interest - 5,0985
Therefore total lnvestment a at
31st December
= 169.95-5,0985
ANS: £ 50,815
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