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

what is the largest prime factor of 34
log4(x)+log4(x+15)=2
find the following sum and prove your claim: (1*2)+(2*3)+..+n(n+1).
What is the prefix of active
Juan Ramirez sells suits in a major department store on weekends. he earns a commission of 5 percent on the first ten suits, and if he sells more than ten, he e
Divide and express the result in standard form. 8/7-i
the bases of a softball field are 60 feet apart. How far apart is home plate from second base?
HELP HELP HELP HELP PLEASE (sorry ) can u complete this tiny is to .................. as broad is to ........................ the words to fill this in are tiny
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
How are carbon, hydrogen, and oxygen alike?