<span>Compound Interest is calculated on the initial payment and also on the interest of previous periods.
So after 1 year w/ 5% interest, $10 -> $10*1.05 = $10.5
after 2 year, the total becomes $10.5*1.05 = $11.025
formula to calculate is 10*(1.05)^50 = $114.67
ans is A</span>
3 hours
On the way there, 1.5x12 = 18
On the way back, 1.5x10 = 15
10.2 all you have to do is add up all the sides... hope this helps!
Answer:
£6800 times (1.05)to the power of 6
=£9112.65
Step-by-step explanation: