bob2637 bob2637

24-11-2020
Mathematics

contestada

Work out the balance for £240 invested for 20 years at 7% per annum

Respuesta :

Аноним Аноним

24-11-2020

Step-by-step explanation:

It depends in the type on interest

Simple Interest

PxRxT

£240 x 0.07x 3 = £50.4

£240 + £50.4 = £290.4

Compound Interest

Px(1+R)^T

£290.4 x (1 + 0.07)³ = £355.7524872= €355.76

Answer Link

Otras preguntas

your body consists of 7/10 water. is more than 1/2 your body water. explain

What two mixed numbers have a sum of 3

Argyle has 8 t-shirts and 5 pairs of shorts that he wears with either sandals or sneakers.if all the colors and patterns coordinate how many different outfits c

A water molecule gains enough energy to enter the gas phase is chemical or physical?why?

in 5.074 the digit 5 stands for _____________

Iron is a solid, grey metal. Oxygen is a colorless gas. When iron and oxygen chemically combine , rust is made. Rust has a reddish brown color. Why does rust di

what events led to british defeat at saratoga

What effects did the yellow journalism used by Hearst and Pulitzer before and during the Spanish-American War have on American reactions to the situation in Cub

What is the gel like substance in a plant and animal cell?

which two numbers multiply to give you 100 and add to give you 10