Register

Hannah invests £350 in an account that pays 3.5% compound interest per annum. Work out how much money Hannah will have in her account in 12 years.

Hannah invests £350 in an account that pays 3.5% compound interest per annum. Work out how much money Hannah will have in her account in 12 years.
202k views
4 votes
Hannah invests £350 in an account that pays 3.5% compound interest per annum. Work out how much money Hannah will have in her account in 12 years.

User ComfortablyNumb
by
7.8k points

1 Answer

0 votes
Hannah will have £528.87 because if you use the equation A=P(1+r/n)^nt you will get that
User Gaurav Agrawal
by
8.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!