katiewalkerburrows4 katiewalkerburrows4

12-06-2020
Mathematics

contestada

Harry invests £6000 in the savings account. The account pays 3.4% compound interests per year. Work out the value of his investment after 3 years. Give your answer to the nearest penny.

Respuesta :

RVADAMARAJANCHITHRA RVADAMARAJANCHITHRA

12-06-2020

Answer:

£6633.04

Step-by-step explanation:

The formula for compound interest is p(1+r/100)^t

Substitute p with principal, t with time and r with rate

6000(1+3.4/100)^3

6000(103.4/100)^3

6000 x 103.4/100 x 103.4/100 x 103.4/100

Solve to get £6633.04

Answer Link

Otras preguntas

What is the prime factorization of 585? 585= × × × help pls im not thatgood at math

1 point Which of the following would be a good conductor of electricity, heat, and can be drawn into a wire and is malleable? O Metal O Nonmetal O Metalloid O N

g What is the CD's moment of inertia for rotation about a perpendicular axis through the edge of the disk

At the end of June, the rainfall for the year, so far, was 9.9 inches above normal. During the second half of the year, it rained 3.38 inches below normal. What

Resolution: Bottled water should be banned. Negative position: Banning bottled water would remove a healthy choice and increase the consumption of sugary drinks

Find the missing term 81:18=?:8

All of the following are benefits of consuming complex carbohydrates, EXCEPT:

2x+3-3 when x=-6 solve

PLZZ HELP!! I just dont understand it correctly

Which European countries from 1815 to 1848 were filled with many national groups? Please