Answer: the value of her investment after 4 years is £8934.3
Step-by-step explanation:
The formula for determining compound interest is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount invested.
t represents the duration of the investment in years.
From the information given,
P = 8000
r = 2.8% = 2.8/100 = 0.028
n = 1 because it was compounded once in a year.
t = 4 years
Therefore,
A = 8000(1+0.028/1)^1 × 4
A = 8000(1+0.028)^4
A = 8000(1.028)^4
A = £8934.3 to the the nearest penny
Answer:
-13
Step-by-step explanation:
Adding a negative means that you subtract the number as + (-) = -
This means that the equation is -4-9=-13.
Answer:
9 purple 10 green
Step-by-step explanation:
Answer:
Roses= $8.4
Daises= $15.6
Step-by-step explanation:
Let represent the daises and let r represent d roses
r + d= 24....equation 1
0.25r + 0.90d= 16.40.......equation 2
r= 25-d
Substitute 25-d for r in equation 2
0.25(25-d) + 0.90d= 16.40
6.25-0.25d+0.90d= 16.40
6.25+0.65d= 16.40
0.65d= 16.40-6.25
0.65d= 10.15
d= 10.15/0.65
d = 15.6
Sub 15.6 for d in equation 1
r+d= 24
r+15.6= 24
r= 24-15.6
= 8.4
Price of daises is $15.6
Roses is $8.4
