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Ayomide2004
01.03.2021 •
Mathematics
Omar invests £6000 for 4 years in a savings account. He will get 1.5 % per year compound interest. Work out the total amount of that will be in Omar accounts by the end of the 4 years. Round your answer to the nearest pound.
The answer is either
6361
6369
6360
Or 6368
Solved
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Ответ:
£6368
Step-by-step explanation:
You can start by making a formula, which will be:
100/100=1
1.5/100=0.015
1+0.015=1.015 (your multiplyer)
6000*1.015^n= your money after 4 years
(n represents the number of years)
Now you just put in the number of years:
6000*1.015^4=6368.181304
Now round:
Answed= £6368
Ответ: