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allytrujillo20oy0dib
10.02.2021 •
Mathematics
Louis invested £2950 in a savings account for 5 years.
He was paid 1.9% per annum compound interest for each of the first 4 years.
He was then paid R% interest for the fifth year.
Louis had £3257 in his savings account at the end of the 5 years.
Work out the value of R.
Give your answer correct to 1 decimal place.
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Ответ:
2.4%
Step-by-step explanation:
Ответ:
After 9 years:
7,680
Step-by-step explanation:
4%=0.04
1 year = 12,000 x 0.04=480
9 years= 480 x 9 = 4320
12,000-4320= 7,680