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Mary invests £12000 in a saving account. The account pays 1.5% compound interest per year Work out the value of her investment after 2 years
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2 votes
Mary invests £12000 in a saving account.

The account pays 1.5% compound interest per year
Work out the value of her investment after 2 years

User Nathan Hagen
by
6.2k points

1 Answer

2 votes
A=Value of investment.
A=12000(1+0.015)^2
A= £12362.70
User Tianle
by
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