jazzyboo6 jazzyboo6

16-04-2018
Mathematics

contestada

Work out the balance for £720 invested for 4 years at 5% per annum

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drohmer2018 drohmer2018

16-04-2018

Amount of Interest (I) = P * R * T /100
I = 720 * 5 * 4 /100
I = 144

Balance = Initial amount + Interest amount
B = 720 + 144 = 864

In short, Your Answer would be £864

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vickygao4379 vickygao4379

24-11-2018

i know you asked this question ages ago but if you do 720 × [tex]1.05^{4}[/tex] it will equal 875.1645 and therefore £875.16

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