Answer:
Total interest and principal.
Step-by-step explanation:
In compound interest a value will increase by a certain multiplier for some years. This could be that format of a question 'Mr Singh invests £500 at 6% compound interest for 7 years'. The multiplier in this case would be 1.06 so the calculation is
500 × (1.06)⁷ → 7 because its invested for 7 years
And the answer will be £751.82
