On the 1st of January 2014, Carol invested some money in a bank account.
The account pays 2.5% compound interest per year.
On the 1st of January 2015, Carol withdrew £1000 from the account.
On the 1st of January 2016, she had £23 517.60 in the account.
Work out how much Carol originally invested in the account?
7 answers
[(1.025 x) - 1000] * 1.025 = 23517.6
answer is £23360
skengmanpoundz
It is £23360
how did you get the answer
Anonymous, how da hell u on everything
how do u do it
1 answer