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:
V = 10x 4x 12
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Answer:
Step-by-step explanation:
The discriminant tells you where the graph of the parabola goes through the x-axis, if at all. If the discriminant is negative there are no real zeros and the parabola does not cross or touch the x-axis; if the discriminant is positive the parabola will go through the x axis in 2 places; if the discriminant is 0 the parabola will touch the x-axis in 1 place. Our discriminant is 0 since the parabola only touches the x-axis but does not go through.
