Asked by Ryu
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
The account pays 1.5% compound interest per year.
Work out the value of her investment after 2 years
Answers
Answered by
oobleck
per the usual formula, that would be
12000(1 + 0.015)^2
12000(1 + 0.015)^2
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