Register
Brian invests £1900 into his bank account. He receives 4.5% per year compound interest. How much will Brian have after 7 years? Give your answer to the nearest penny where appropriate.
127k views
11 votes
Brian invests £1900 into his bank account.

He receives 4.5% per year compound interest.
How much will Brian have after 7 years?
Give your answer to the nearest penny where appropriate.

User Sadhu
by
7.2k points

1 Answer

11 votes
Explanation

A = C (1 + I)**t
A = 1900( 1+0.045)**7
A= 2585.64£
Answer

2585.64£
User Millie Smith
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!