Sally agreed a compound interest of 5.5% for a fixed term. If she invested £800 to this agreement, then what was her total at th
1 answer:
Answer:
£1045.57
Step-by-step explanation:
Using compound interest formula then
Where A= the future value of the investment/loan, including interest
P = the principal investment amount
r = the annual interest rate
n = the number of times that interest is compounded per unit t
Hence her amount t the end of 5 yrs is $1045.57
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Step-by-step explanation:
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