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boyakko [2]
3 years ago
7

tom has £55,000 in 2016 he plans on putting £8,200 in a bank each year how much will be in the bank by 2031

Mathematics
1 answer:
mr_godi [17]3 years ago
7 0

Answer:

123000

Step-by-step explanation: 8,200 x 15 =123000

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Calculate the interest in a year
Multiply the annual percentage of interest by the investment to find the interest.
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interest in a year = 0.02 × 1,000
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