student8917
student8917 student8917
  • 01-11-2019
  • Mathematics
contestada

Jane invested £4000 for 3 years with an interest rate of 1.5%. What was her investment worth at the end of this period?

Respuesta :

hassandar3
hassandar3 hassandar3
  • 01-11-2019

Answer:

$4182.7

Step-by-step explanation:= 4000*(1.5%)*3

Year 1= 4000*(100%+1.5%)= 4060

Year 2= 4060*(100%+1.5%)= 4120.9

Year 3= 4120.9*(100%+1.5%)= 4182.7

Answer Link
C1042
C1042 C1042
  • 01-11-2019

Answer:

$4184

Step-by-step explanation:

[tex]a = p{(1 + \frac{r}{100} )}^{n} [/tex]

a = amount

p = principal

r = rate interest

n = number of years

a = 4000[1+(1.5/100)]³

= 4000(1.046)

= $4184

(Correct me if i am wrong)

Answer Link

Otras preguntas

chlamydia, if left untreated:
why was this source published in 1932
your arm needs tissue that give support and flexibility to allow it to move. what two systems would fulfill these requirements?
Write a polynomial that fits the description: A fifth-degree polynomial with leading coefficient 4
Explain the importance of the grieving process after experiencing loss.
A thermogram identifies the warm and cool parts of an object by using a. radio waves. c. ultraviolet waves. b. microwaves. d. infrared waves.
How might you determine if the patient is leaving with a full understanding of the treatment plan?
production shows that only 3 of the first 10 phones are working, which is 30% of the phones. describe how the percentage of working phones changes if the eleven
simplify 15(1 1/5) and 24(1/3+1/8)
How do most people pay for medical care? A.) individual insurance B.)with employer-provided insurance C.) out of pocket D.) with state insurance