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07.02.2021 •
Mathematics
Jenny invests £8500 for 3 years in a savings account. She gets 2.3% per year simple interest. (this is where you calculate the profit for ONE year and just add it on... NOT compound interest) How much money will Jenny have in her savings account at the end of 3 years?
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Ответ:
£9095
Step-by-step explanation:
Given data
P=£8500
T= 3 years
R= 2.3%
The compound interest formula is
A= P(1+r)^t
substitute
A=8500(1+0.023)^3
A=8500(1.023)^3
A=8500*1.07
A=£9095
Hence the savings after 3 years is £9095
Ответ:
C. Happiness
Explanation:
I took a quiz with this question and C. as my answer and got it correct.