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What is the balance for £4500 invested for 2 years at 4% per annum

What is the balance for £4500 invested for 2 years at 4% per annum
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What is the balance for £4500 invested for 2 years at 4% per annum

User Szymon Rut
by
7.8k points

1 Answer

1 vote
I=prt
I=interest paid
P= principal
R= interest rate
T= time
I=4500*0.04*2
=360
So the ending balance=4500+360=4860
User Dawn Drescher
by
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