Ask a New Question

Question

Sarah invested £12 000 in a savings account.
The account pays 1.5% compound interest per year.
Work out the value of her investment after 2 years
Feb 20, 2022

Answers

per the usual formula, that would be
12000(1 + 0.015)^2
Feb 20, 2022

Related Questions

how much money would have to be invested in an account at 3.98% annual interset to achieve a balance... Compound Interest: Suppose $1,600 is invested in a savings account that pays 5% compounded semia... Sally invests £8000 in a savings account . The account pays 2.8% compound interest per year . Wor... austin invested $2400 in each of his savings accounts. account A pays 3.5% simple interest. account...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use