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Need help! Here's the question... John invests £8000 for n years in a savings account. To find the value, V ,of her investment after n years he uses the formula: V=8000*(1.025)^n a)Write down the annual
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41 votes
41 votes
Need help! Here's the question...

John invests £8000 for n years in a savings account.
To find the value, V ,of her investment after n years he uses the formula:
V=8000*(1.025)^n
a)Write down the annual rate of interest John earns

User Berthier Lemieux
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2.9k points

1 Answer

19 votes
19 votes

Answer:

the answer is 2.5%

Explanation:

im good at math

Hope this helps!

User Karthik Kompelli
by
2.6k points
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