Question

£4000 is invested at 1.5% compound interest.

Show that the value of the investment after 2 years is £4120.90.

Thanks to anyone who can help.
Steve
4000*1.015^2 = 4120.90
Jones
I have literally just had to do the same ques no...thanks Steve!
Caitlin
£4000 is invested at 1.5 compound intetest.
Show that the value of the investment after 2 years is £4120.90
Wag1 piff ting
Suck me
Kim Jong Un
Interesting theory Steve, but is that really the answer? I have a feeling instead of 4000*1.015^2 = 4120.90, it will be 4000 /1.015^2=3882.64699, then you times this by 2, and then divide by 1.8821, to get the answer of
4125.86684023.
poggers
@steve, how?? also what does ^ mean?? explainnnn