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

The shape of the clock is a regular dodecagon with a radius of 14cm. Centered on the clock's face is a green circle of radius 9cm. If the region outside the cir
Simple Machine Lever: A ________ that pivots on top of a fixed point called a _______.
What military strategy defeated cornwallis at yorktown?
What is the 50th term of the arithmetic sequence 4, 10, 16, 22, … ? Can someone explain this one?
how do you model the square root of 16
The skeletal system does all of the following EXCEPT (A) support. (B) transport. (C) protect. (D) digest. (E) store.
my teddy bear gave me a hug is an example of 1.metaphor 2.personification 3.simile 4.alliteration
mike constructed a closed box that measures 2.5 feet long by 3 feet wide by 1.5 feet high. what is the total area of the material mike needs to construct the bo
I am a polyhedron. I am a prism. my two bases are hexagon. my two other faces are rectangles.
Sound: The more _______ a sound has, the _________ its volume is.