Jane invested £4000 for 3 years with an interest rate of 1.5%. What was her investment worth at the end of this period?
2 answers:
Answer:
$4184
Step-by-step explanation:

a = amount
p = principal
r = rate interest
n = number of years
a = 4000[1+(1.5/100)]³
= 4000(1.046)
= $4184
(Correct me if i am wrong)
Answer:
$4182.7
Step-by-step explanation:= 4000*(1.5%)*3
Year 1= 4000*(100%+1.5%)= 4060
Year 2= 4060*(100%+1.5%)= 4120.9
Year 3= 4120.9*(100%+1.5%)= 4182.7
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