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

Use the information to find the length of CD in parallelogram ABCD. The perimeter is 92 cm. AD is 7 cm more than twice AB. (Hint: Sketch the diagram.)
a town had about 2120 acres of pine trees 40 years ago. Only about 13% of the pine trees remain. How many acres of pine trees remain
why did farmers follow railroads into the texas frontier
the cards in a card catalog are filed in what manner? A: by publication B: by subject C: alphabetically D: by call number
events of ww2 that led to UDHR
Are many valuable minerals found in or near areas of volcanic activity and mountain building?
Use the information to find the length of CD in parallelogram ABCD. The perimeter is 92 cm. AD is 7 cm more than twice AB. (Hint: Sketch the diagram.)
Cheryl has some oranges. she puts the oranges into p boxes of 3 oranges each and has 2 oranges left. Find the total number of oranges Cheryl has in terms of p
find the slope of the line described by x - 3y =-6.
whats the integral of 1/X