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

Krishna Karki asked Jul 14, 2023

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Krishna Karki asked Jul 14, 2023

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18 votes

Answer:

£4400

Explanation:

5% of 4000 is 200

200*2=400

4000+400=4400

£4400

Srph answered Jul 18, 2023

by Srph

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