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3 years ago

Jordan invests £2400 into his bank account.

Mathematics

1 answer:

Alexxandr [17]3 years ago

7 0

Answer: £2760

Step-by-step explanation:

Use the formula: $A=P(1+rt)$ .

A = final amount

P = initial amount invested

r = annual interest rate

t = time (in years)

Insert all values in appropriate places.

$A=2400(1+(0.025)(6))$

Simplify.

$A=2400(1+(0.025)(6))$

$A=2400(1+0.15)$

$A=2400(1.15)$

$A= 2760$

£2760 is the answer.

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