A parent invests 6000 for a 7-year-old child in a fixed, Microeconomics

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A parent invests 6000 for a 7-year-old child in a fixed

Question: 1. If £4,000 is invested at 5% interest for 3 years what will the final sum be?

2. How much will £200 invested at 12% be worth at the end of 4 years?

3. A parent invests £6,000 for a 7-year-old child in a fixed interest scheme which guarantees 8% interest. How much will the child have at the age of 21?

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Microeconomics: A parent invests 6000 for a 7-year-old child in a fixed

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