gracenewman80 gracenewman80
  • 04-01-2021
  • Mathematics
contestada


Brian invests £4700 into his bank account.
He receives 5.5% per year compound interest.
How much will Brian have after 3 years?

Respuesta :

qasimrashid2016
qasimrashid2016 qasimrashid2016
  • 04-01-2021

Answer:

5,548.9861375

Step-by-step explanation:

First year

4700/100×5.5=258.5

So his account will be 4700+285.5=4985.5

Second year

4985.5/100×5.5=274.2025

His account will be 4985.5+274.2025=5,259.7025

Third year

5,259.7025/100×5.5=289.2836375

The total in his account after three years equal to

289.2836375+5259.7025=5,548.9861375

Answer Link

Otras preguntas

what causes the earths crust to move ?
On a desk there are 6 sheets of blue paper, 4 sheets of yellow paper, 5 sheets of green paper, and 2 sheets of pink paper. In how many ways can the paper be sta
deer : woods : : monkey :
How would I find the slope intercept form of x+y+3=0?
what are the steps to evaporation but without heat just evaporation steps to follow
Tickets to a play cost $5 for adults and $2 for children. If 1,750 tickets were sold for a total of $7,100, how many children’s tickets were sold? Can someone e
deer : woods : : monkey :
The volume of a cylinder with height to radius ratio of 4:1 is 108 pie centimeters cubed. Find the radius and height of the cylinder.
how many yards in a mile?
I would like to know if 2 kg is greater or less then 1500 g