harry invests £6000 in a savings account. The account pays 3.4%compound interest per year. work out the value of his investment after 3 year's. Give your answer to the inerest penny

Answer: The value of his investment after 3 years £6633.04.Step-by-step explanation:We know that , the formula to find the accumulated amount after t years at a rate of r% compounded per year , is given by :-[tex]A=P(1+r)^t[/tex] , where P= Principal value.As per given , we haveP =  £6000r= 3.4%=0.034t= 3 yearsNow , the total value of his investment after three years will be :-[tex]A=6000(1+0.034)^3\\\\=6000(1.034)^3\\\\=6000(1.105507304)\\\\=6633.043824\approx6633.04[/tex]Hence, the value of his investment after 3 years £6633.04.