Answer:
The value of Mary's investment after two years = £12362.7
Step-by-step explanation:
P = Principal / initial amount
R = rate of interest per cent per year
T = number of years
A = final amount at the end of T years
Then:
A = P*(1 + R/100)^2
In our example:
P = £12000
R = 1.5 per cent per year
T = 2 years
Thus:
A = 12000*(1 + 1.5/100)^2
= 12000*(1 + 0.015)^2
= 12000*(1.015)^2
= 12000*(1.030225)
= 12362.7
Value of investment after two years = £12362.7
76.3 rounded to the nearest whole number is 76
Answer:
the answer po is letter c
Step-by-step explanation:
Tinatamad akong mag explain basta tama 'yan
Answer:
The total he would have to pay back would be $7,320.44
Step-by-step explanation:
(I'm assuming you want the total amount he needs to pay back)
6700 x 0.10 = 670 per year
670 ÷ 365 = 1.835616438356164
1.835616438356164 × 338 = 620.44
620.44 + 6700 = 7,320.44
