reedjessica53 reedjessica53

06-01-2018
Mathematics

contestada

Mary invests £12000 in a savings account the account pays 1.5% compound interest per year work out the value of her investment after 2 years

Respuesta :

Аноним Аноним

06-01-2018

The formula for this is
A = P(1 + r/100)^n where P = initial investment, r = compound interest as per cent, and n = number of years.

so here we have

A = 12000(1 + 1.5/100) ^ 2 = 12000 * 1.015^2 = £12,362.70

Answer Link

Otras preguntas

its cost 50 to make a bracelet and 1$ to make a necklace to make a profit the total cost for bracelets and necklaces must be less than 10$ the jeweler can make

what is 20% of 45? ______

The United States established a stronger naval presence after the Spanish-American War by

add the fractions to simplify the answer 1/2 + 2/3

What is the capital city of Mongolia

Consider the following pair of equations: x + y = −2 y = 2x + 10 If the two equations are graphed, at what point do the lines representing the two equations in

What were slaves used for?

solve 16/4+(5)(6)-{3+(4+1)}=

Oraciones con la palabra auxiliar

Why was China divided into multiple sphere of influence during the mid-19 century?