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DochEvi [55]
3 years ago
5

Ray invests £9000 in a savings account.

Mathematics
2 answers:
Alona [7]3 years ago
8 0

Answer: £9895.60

Step-by-step explanation:

Assuming, interest is compounded annually.

A = p(1+r/n)^nt

A= 9000(1+0.024)^4

A = 9000(1.09951)

A = 9895.60

Alik [6]3 years ago
5 0

Answer:

A=9895.60

Step-by-step explanation:

A = P(1 + \frac{r}{n})^{nt}

A = 9000(1 + \frac{24}{1000})^{4}

A=9895.60

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