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Paul leaves £4000 in the bank for two years. It earns compound interest of 5% per year. Calculate the total amount Paul's has in the bank at the end of the two year. Pls give me working out and explanation
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Jun 24, 2023
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Paul leaves £4000 in the bank for two years. It earns compound interest of 5% per year. Calculate the total amount Paul's has in the bank at the end of the two year.
Pls give me working out and explanation !!!!
Mathematics
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Answer:
£4400
Explanation:
5% of 4000 is 200
200*2=400
4000+400=4400
£4400
Aytekin
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Jun 29, 2023
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Aytekin
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