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$1234 is invested at 5.6% annual interst for 7 years. How much money will you have at the end of this period? Show all your and explain

$1234 is invested at 5.6% annual interst for 7 years. How much money will you have at the end of this period? Show all your and explain
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$1234 is invested at 5.6% annual interst for 7 years. How much money will you have at the end of this period? Show all your and explain

User Tyson Hilmer
by
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1 Answer

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100 % + 5.6=105.6 / 100= 1.056 so you do 1234x 1.056to the power of 7 because it is 7 years so the answer is 1807 pounds
User Kaboom
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