CISI International Certificate in Wealth & Investment Management ICWIM Question # 59 Topic 6 Discussion

CISI International Certificate in Wealth & Investment Management ICWIM Question # 59 Topic 6 Discussion

ICWIM Exam Topic 6 Question 59 Discussion:
Question #: 59
Topic #: 6

An investor deposits £1,000 into an account that pays 3% per annum. If interest is compounded annually, how much will be in the account after 5 years?


A.

£1,150.00


B.

£1,157.63


C.

£1,159.27


D.

£1,276.28


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