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Sally invests £8600 at a simple interest rate of 6% per year. Work out the value of the investment after 3 years.

Sally invests £8600 at a simple interest rate of 6% per year. Work out the value of the investment after 3 years.
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Sally invests £8600 at a simple interest rate of 6% per year.

Work out the value of the investment after 3 years.

Sally invests £8600 at a simple interest rate of 6% per year. Work out the value of-example-1
User Frankenmint
by
7.9k points

1 Answer

5 votes

Answer:

a =10148

Explanation:

A = P (1 + rt)

a= 8600(1+0.06*3)

a = 10148

User Bmaeser
by
9.1k points
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