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

The tendency to search for and use information that supports our ideas rather than refutes them is known as.
Where are aquifers found around the world?
How much energy is required to take a 15. 0-g sample of ice at −15. 0 °c to liquid water at 45. 0 °c?.
FREE BRAINLIEST HURRY
Relatively few people live at ______ , but there are significant exceptions, especially in low latitudes. a. low elevations b. sea-level c. high elevations d. o
I am creating a study guide and need help with step by step explanation of this question please
If the yield curve is downward sloping, what is the yield to maturity on a 30-year treasury bond relative to a 10-year treasury bond?.
If a cell contains 24 sister chromatids in prophase, how many chromosomes will be present in each cell at the end of mitosis?.
balboa short story notes
A new accenture client has implemented an enterprise platform and is looking for a tool that will help monitor the ongoing performance of the platform. which ac